This will not only give you an idea of what houses are selling for over there, but also an idea of what they are NOT selling for.Slow is not a factor for me, as this is the house I want for me, not for resale.

I'm just finishing an Architecture program, so I really enjoy the design + build aspect of the real estate business.

In my own limited contractor experience, I always figured my time and materials as accurately as possible and then factored a 10% profit margin on top of that.I would think that any software would have to somehow be locally calibrated, because material and labor cost can vary dramatically from region to region.

With a $650 mortgage (which I'm not sure that's accurate with a 52K note) then most of the extra $200 you were factoring as cash flow will get eaten up in maintenance and vacancy.

So, we didn't sign the paperwork.But, I anticipate his mind will change due to many factors (available upon request)So, would it benefit us to insist that our bid get put in writing anyways?

(Assuming I have already factored in all the expenses for my end buyer and have determined it's a deal?  

I use to crunch the expenses individually on each property, and then I had a base profit that I would factor in.

Two things must be noted however, first, this system is viewed by some to be a manipulation of the system than could be perceived as fraud depending on what you do with it and many other factors.

I normally factor and communicate the ARV, my repair estimates and what they include, and the possible rent.

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