When you're getting your hair cut and the stylist is telling you how she just made $60K flipping a home, you know it's time to get out.

If it sells for 230K and you buy it for 180K minus repairs, then you will be cutting it too close.On a rehab, 70% of ARV minus repairs is the maximum you want to be at if you are in a normal market.

I recently cut down a large Black Walnut tree in a patio area located in the backyard of my rental property.

Taxes can seriously cut into profit potential here.I could hire property mgt. for about 10%, would this be a good idea?

Finding creative ways to sell your rehabs can help give you an edge, but make sure you are doing the basics first.Also, always remember, price overcomes all objections.

There are lenders you should be working with that arent overly concerned about the income and assets on deals.Time to cut the strings on this one...you get my point.

I have an agent who will sometimes cut her commission on HUD's so we can make our numbers work.

Well my calcs actually were at .75 ARV, and that usually includes your 10% cut, thought that's just from my standard calcs, though thats to get in the ball park.

One day when I am rich I can cut back on my work and stop and smell the roses a little.

(an allowance over a 10 year period isnt going to cut it when you need a roof in 3 months)