I've used his materials and they have made me alot of money.

hello, does anyone have the following contracts/material below that their willing to share with a newbie investor looking to tie properties up to wholesale them.1. basic lead sheet - with some basic questions to ask the seller to see if their is a deal to be made2. purchase & sale contract - a basic simple to understand one to two page contract, with some good built in out clauses3. assignment contract - a simple contract that'll be easy for me and my investor buyer to understand and fill out.if anyone can help that'll be great, whether if its just giving me the contracts and etc, or if its just pointing me in the right direction to get them myself

Operating expenses include taxes, insurance, management (even if you do it), maintenance, advertising, utilities (at least during vacancies), capital expenses (although not technically an operating expense), entity maintenance, legal fees, evictions, court costs, evictions, damage done by tenants in excess of the security deposit, I could go on and on.At any rate, you left out all of these expenses, which means your negative cash flow (even with your interest only loan) would be a monthly LOSS of about $768 per month (over time).Good Luck,Mike

You'll have all the other holding costs -- insurance, taxes, utilities, maintenance (besides the rehab,) and maybe HOA fees.

I created a Short Sale utility that produces all of the docs needed... contact me and I will send you a link.Good InvestingMichael Quarles

She moved in a boyfreind who was a loser and basically just put utilities in his name and did not pay.

They usually have a lot of the bigger more popular guys Real Estate Investing materials at huge discounts.

I would like to observe at least one deal that someone is putting together...see how they deal with contractors, what labor they do themselves...WHERE they buy there materials etc.

However, with the poor job market, I may have a more difficult time flipping the contract. 2) Has anyone utilized those websites that sell motivated seller leads?

If you use the 2% rule:Mortgage ($108K, 7.5%, 30 yr): $755Cash flow: $332 or $83 per unit per month (better)Even at $108,000, I would not buy this building because the utilities are not separate.