On paper these deals can look great, but--if there is high crime--there would be an ongoing pattern of unexpected costs that you cannot account for, because you do not expect them; for example, in my case, I had a problem keeping tenants in my rental because there were a group of delinquents that would run my tenants out; leaving the house vacant for thieves to strip the house of everything including copper, plumbing, and the AC at first opportunity; and they would do it within days after the house was vacated, so you know they were watching the house.

I ran numbers outside in a couple suburbs, 110,000-150,000.

This event is on going evry month.

Hi there,I need to find an experienced lawyer who can help us deal with structuring our flipping business.In brief:We have investors joining other investors that are flipping properties.We want to participate in their ongoing projects.We want to make sure that our interests our secured.Feel free to email me directly: [email protected]

Also, both have separate meetings where you can go to an actual ongoing or finished rehab talk to investor, contractors and others there to network.

But I ran into a person who told me that we cannot conduct subject to deals here in NY.

I would keep the money if I chose them and they changed their minds or if I ran the credit and found something bad that wasn't disclosed.

Either way, you need to factor ongoing maintenance expenses into your calculation - it's not going to be as cut and dry as $500/month in profit ($2000 rent - $1500 payment).3) Make sure to do proper tenant screening - credit history, references, etc. - even if you know the renters.

I ran into this property on a rental and it cost me at least 40K on the appraisal.

I'm a 'newbie' at analyzing rentals, and I ran the numbers to death before I just put offers on my 2nd rental (first was a conversion from my primary to a rental in 2010).