and welcome to the BP forums. ill post the expenses i factor in when i analyze a deal. u can then put in your variables and determine what your deal looks like.Rental income: 4000Maintenance: -600Mortgage interest: -837.5Vacancy(one month): -333Management fee: -400Insurance: unknownTaxes: Not relevant todayMortgage principal: unknownUtillities: unknownMarketing: unknownWhen you determine these monthly costs you will come up with a monthly cashflow. then you must decide if your return is good enough for you.

Thank u guy I will listen to the podcast and get more knowledge in my state to see if I can wholesale and I do believe that flipping will be a hassle if I don’t have the resources I just have to figure out my marketing strategy with this I think I’m more nervous then anything but I know I can do it

I am browsing the site - can u direct me to a specific article?

We bought a similar building in similar price range out in western mass (14 unit mixed use) and are doing fine with it, but your #s seem a little thinner across the board and I'd worry u are headed for trouble here.

it is not out of the blue.Typically we fax/email copy of the  applicant's signature on app giving u authority to contact employer, and send a form letter asking employer to verify certain details

I was left with so many questions...... anyways..thank u :)

And yes u spelled Hardie wrong Lol

So u could get a 4 unit for 200k with 3.5%down right now which will not use up all your 25k.

@Dopah king its about networking and finding .contractors , finding the good deals , being ready to settle when u find a good deal .

I agree with Sam also you want to stay in like neighborhoods.If you are doing research and you see a duplex next to a house then next to a shopping mall ,and then then next to a gas station houses will move slow in that area .Most buyers want to live in a residential neighborhood  with houses around them.What I do is I stick to cookie cutter streets   https://plus.google.com/u/0/103653014609169113080