Nice area and the prices for SFR's are a lot lower than in my area which is a big bonus.

It's a round home by Deltec Homes located in the Upstate area of SC.

As for the seller's agent, if you found the house and you are the buyer (assuming you are serious), 90% of the work is done for the agent so for him/her to collect 1.5% is nothing but a bonus for them.Not all agents give up majority of their commission to brokers.

Sorry for the long post..I sent out my first round of yellow letters on Saturday (rather Jerry Puckett sent them out for me...great guy by the way and I recommend him to anyone looking for the YL services) and wanted to give a recap.My listsource parameters gave me 515 properties.

The bonus is they also appreciate and I can unload them for a profit at any time.A Few Things to Note:1) I invest in and out of state.

Some of these numbers are made up and rounded off just for easier calculation, but I need help understanding the ins and outs of a hard money transactionhome purchase price: $30,000Repairs: $5,000ARV: $52,000 (as verified by comps)Looking to get into the home with hard money and refi out of it as a rental.

The Hvac trade will (and currently are) using the "new law" to set off another round of gouging.

Of course, there are going to be the "chores," such as handling spam and handling the occasional situation where issue arise (hopefully I won't have to ban myself :).Btw, Steven Hamilton is a mod also...his expertise in the tax/accounting area has been amazing, and he definitely rounds out the group.

Estimated Rent/Unit - I've round $650-700 online, but let's say $600/unit, $2.4k allOK...if I utilize the 50% rule & review #s on monthly level, then:Rent = $2.4k50% = $1.2kMortgage = $906Cash Flow = $294*Ideally, I would like $400, so offer price would be more like $200k ($805 with 25% down @ 5%).

It is more of a place to live with a bonus of getting our feet wet in the landlording business.