Make sure that the mortgage is fix not Adjustable.

I adjusted her lease to make the rent due date be the 15th of the month.

Being an experienced and successful REO investor, that is the exact formula I use (although can be adjusted up or down depending on the price points).Since you do plan to wholesale the deal, you do need to factor that in as well and as such, need to have buyers willing to pay slightly over the 70% all in mark or get the deals for slightly under to allow for the mark-up.

So prices adjusted accordingly until qualified buyers were found.A park right down the street understands this class and has an easier qualifying process.

New property Used property Personal use property started using for business -This one Date of purchase (MM/DD/YYYY) Cost or adjusted basis on conversion date Fair market value on conversion date Cost or adjusted basis on conversion date- is this what i payed for the building only?

An appraiser will expand their area and the closeness of the match, and make more adjustments than if there are better comps.

I have never done a quit claim deed from flipping reos, but why not just adjust your numbers and either do a traditional double close or use a land trust and sign over your beneficial interest and collect your fee.

They may, I've adjusted my FMV and its probably closer to 92 K minus a few grand for repairs.

Also what I am questioning is the use of the FED rate as the means to adjust the payment up or down.

I didn't analyze the deal correctly - the comps I used were good comps but I didn't adjust for the house across the street from mine (rental in an otherwise all owner-occupied neighborhood).