It all depends your goals, needs, market and many other factors.

Hey Christina,According to ConsumerReports.org, the national average cost of a bathroom remodel is $16000, so say $20k with a $4k fudge-factor when engineering your deal (I always round up to the next $5000 when planning.

I am interested to hear people thoughts on the Las Vegas market.We have many new factors to consider when predicting the market in the upcoming future.

Chris, the basics of any loan (and the attractiveness to the lender) come down to two main factors....cash flow (aka net profit, income, debt service) and asset coverage (aka net worth, ARV, secondary support, LTV).

Then I will look at the actual property and evaluate repairs and factor that in from base price point.

It's designed for someone eager to own their own home, but who is ineligible for traditional bank financing.

At this point it is going to be too late for Terri to use her own title company/attorney if she is using HUD's, that has to be designated when the contract is signed.

It's the other factors that make the difference.

If the property cash flows, which might be the case in a college town, think student housing, then the deal could be a good one provided the numbers work and you factor in more repairs for college tenants.otoh, wholesaling in an area with few to no sales may be a difficult row to hoe.

And you need to factor in the costs of setting up the LLC, the costs of another tax return/accounting, and the ongoing costs to maintain the LLC.