[POST REMOVED BY ADMIN - User did not ask for your credit company's sales pitch, but requested helpful tips.

So I basically have seen two basic formulas on these message boards to determine whether or not a property is a good buy.For rehabbing: (ARV * 70%) - repairs = Max Purchase PriceFor Renting: Rent * 50 = Max Purchase PriceI would like to buy a property to Rehab, but be able to fall back and rent it if I can't find a buyer quickly... while also having positive cash flow after mortgage and operating expenses.If I put an offer on a property for $25k and the ARV is $50k (if I put in all new flooring, paint, and redo the kitchen and both bathrooms) that leaves me $10k (According to the formula) for repairs which I could likely do if I'm doing it all myself.BUT...That would have me with $35k into the property, and I am only confident of being able to rent for $600...

It's just now I will do it in my Bigger Pockets sweatshirt or if Josh can't get the XXL thing worked out maybe he can just cut arm and head holes in one of those large contractor trash bags and paint Bigger Pockets on the front of it.

Blackjack dealer Betty gets a few tips from Bill as he loses that check.Betty takes her tips and heads to the bar to drown her sorrows over a few shots of tequila.

Stuff like paint or carpet is obvious, but what about stuff an inexperienced person like me is going to miss?

Stone Equity Group is a great place to start any investment strategyThanks for the tip.

FYI/TIP… Many of the “Construction” lenders would allow their construction loan to be used as a rehab loan, (many did not know this) as long as the repair costs were over $10k or so.

As we were going through this process, we assumed that we would not be doing a complete re-paint of our home since in the original settlement it only covered affected areas, which is less than 1/3 of the home and our house was painted less than 3.5 years ago with approved colors (we still have the official “approval” from the HOA/Architecture Review Committee).

And make sure the other walls and flooring are freshly painted and new looking?

Well my tip is to find those either at the back of the room, just outside the room, etc talking and networking.4.