How much do you know about cost estimation for repairs?

I estimated gas, electricity, water, sewer, and trash to be $225/month, which could be billed to tenants while I'm house hacking.

@Bruce Thanks for detailed info, that's exactly what seems to be happening.

The property I am interested in has a PP of $285k and estimated rehab of $50k and an ARV of $420k.So 90% of purchase plus rehab is lower coming out to $301k.How much down payment would I need to come up with?

I would suggest that you listen to a few BP podcasts where people have shared exactly what you have asked on the podcasts in great details.

Happy to share details if you PM me.

While I am not opposed to that, I am confident there are plenty of great deals in our state - we just haven't found them.Second, I want to ensure my financial analyses are as accurate as possible for each property, mainly my assumptions around estimating expenses.

Investors will take the time to drill down on their numbers and get to know the assets in far greater detail than the banks ever will.

Please send details of the property.Thanks!

I have $10k in profit, and my original $500k back to lend to the next person.Let's say I flip that same $500k 10 times in a year.I just earned $100k on $500k.That's a 20% ROI.In reality there's a lot more going on, various estimates say the net cost to originate a single loan is $4500 to $8500 mostly due to Dodd-Frank and CFPB... probably 0.5% of your interest rate is just that alone.