Is my calculation correct?

I could go on and on, but you are absolutely correct that this business comes with a lot of headaches and is certainly not easy.

Please correct me if I'm wrong but it's something in that neighborhood.

Originally posted by "**********":Tims, your correct and that's what I suggested.Yeah I saw your post on Labor Ready and you are correct that it is an option - however the payrolling thing is slightly different from hiring temps.

Correct.

I am looking to start something up with a few friend and we are just a few years removed from college (not a lot of cash funds ) So this may help us out.Am I understanding this program correctly?

Figure 4 points and 15% on that loan.Purchase $60KRehab $55KTotal $115KAssuming all these are correct, and a hold time of 6 months, you stand to net between 10-15% of ARV when you sell.

I think my tenants did the correct thing and handled it well.

Can someone let me know if I am understanding this correctly, sorry I am very new to this concept.

This doesn't even factor in the cost of the property, so could someone explain to this rookie how to correctly figure out the maximum purchase price of a commercial property?