Rehabbing is commonly called flipping, as is dealing the property to investors when under contract.

okay, here's an example:we're currently negotiating a house in the number one school district in the statein a premium townshipin a specific area with absolutely beautiful homes around iton a .35 acre nicely shaded flat lotwith a sunset right in the back yardthat is in need of minor repairsthat looks aweful to the untrained eye - and i mean badthat smells like catswith hardwood floors throughoutin need of a kitchen redo (cabinet refacing)needs minor upgrades to bathroomneeds quick finishing walls in basement, throw down some rugsneeds driveway pavingHOUSE was a rental, husband passed and wife wants to sell it.asking price: 299,000 - as is - it is probably priced about okay for the condition it is in.Price we're negotiating for - 265,000 (maximum)Projected repairs - 23,000 (we do the work - 1 month completion)Projected Closing Costs (X2) - 28,000Projected Holding Costs - 15,000 (6 months - 8% 30 yr term - just a regular PITI)ARV - 395,000Profit - 75,000the above numbers are extremely conservative.

You can check out the official sites on Google.In that area are a number of gorgeous, INEXPENSIVE, houses (for instance around $265,000 for a NEW 3BR/2BA/2CAR 1700 sqft, large yard house, extremely well insulated.

It is extremly important that people read these rules prior to the purchase of a property governed by such rules.

All new fluorescent lights in common areas.19.

Here is a sampling of some of the most common: 1.

I came here because I am extremely interested in Real Estate and the kind of money that can be made here.

This hearsay style of investing has (thankfully) diminished since the internet bubble burst around 2001, but this is still a common way to invest.

.$1050 per month income X 12 months = $12,600 annual Gross Rental IncomeGRM=$40,000/$12,600=3.2If $52,000 is the contract priceGRM=$52,000/$12,600=4.1 (sorry not 4.2)GRM is based on your local market and is determined by comps (comparable sales in the same area).Again a 4.1 GRM is extremely strong and will most likely be lower than your area's comps.

for instance, here in New York, land contracts are not common, but in Texas (i'm guessing), land contracts may be very common and in deed, be the norm.know this, any offer you submit is considered a valid contract once it is signed by both parties.