I want to try and keep my costs under that amount.  70% gives me a little buffer encase my Rehab goes over budget or the appraisal comes in lower than expected.Then it’s just a matter of subtracting all my costs to figure out what my max offer can be.  

Find a cheap guy to put in the piers in and figure it into rent. 

Tennis the white line is in-football the white line is out-go figure. 

I had figured the following expenses: vacancy/credit (8%), Property Management (8%), Property Taxes (4%), Insurance (3%), CapEx (10%), and Repairs (5%).

hellooooo BiggerPockets I hope everyone is have an amazzing day I just starting listening to the money podcast and have completely opened my eyes on frugality I’m kinda ticked off I didn’t think of or hear about this earlyer but I’m 23 so I’d figure I get everything straightened out while I’m younger..So my  dilemma is about 3 years ago I bought a “brand new” car 2013 Chrysler 300s.

Then go from there and use the flipping calculator to figure out how much you can offer and still make a profit.

I was thinking about paying in full with a cash out loan because I figured I could get a better interest rate if I were to do that. 

As you can see, it all ends up circling back to specifics that only you and your potential partner can figure out and negotiate.

So I want to figure out how to make an extra couple hundred bucks a week in something real estate related so I can get exposure and some new experience while not having to jump in the deep end, and can do something part-time.

I would love to connect or get advise from people already workin in the area. i need to build a team from realtors to attorneys to investors in the area. if you guys can help me figure out which markets are hot or just simply give me advise i would gladly appreciate it.