Two other properties I'd initially considered in the area are paying double the amount of this one.

.- New sub floors in Kitchens where needed , and then Linoleum floors in kitchen- Total Cleanout 3-4 Roll Off Dumpsters for left behind junk- Linoleum in pantry 4x8- 2 Bathrooms - Needs new linoleum and 1 needs Sub floor- Bathroom walls - rip off old plastic tile in one and make drywall and paint - Ba 2 Needs Rip off wall paper and skim and paint2 - Living room Kitchen & (2) Dining Room and 3 (6)Bed rooms Refinish Hardwood floors on ea floor so x22- Living rooms, kitchen and dining rooms, remove wall paper and skim coat, and paint all walls and ceilings2 - Living Rooms and windows remove all trim and replace with new and paint ( lead Paint )2 - Repair Bathroom Ceilings and Pantry Ceilings and then paint6 Bedrooms Fix Drywall, paint walls and ceilings2 Bathrooms install bathtub wall panels2 - Install Kitchen Cabinets , and countertops, and Sink in both pantrys2- Install Dishwashers including pipe, drains and elec in two pantries2 - Over stove - More cabinets in Kitchen @ 6 ft top and bottom with countertops2 Install washer and dryer hookups after bringing power to locationApprox 150-200 ft of Asbestos removal in basementalso what is the lead time to do all this..?

Whether you say ethics or any other BS in the real world these REO kings and queens have a list of buyers ready to purchase with cash where the REO broker can double end a deal.If the offer is close to what the asset manager wants then the bank doesn't care about double ending.How you level the playing field is to tell the listing agent they can keep all the commission so they will push your offer with all things being equal.It is a classic mistake I see brokers and agents make time and again.The REO broker is only getting a tiny fee on their side and having to cover a bunch of costs listing the REO so getting the other side is huge for them.If you are flipping you will save the commission on the sell side as an agent and you can put 4% co-op to get buyers agents in droves and still save 2%.The price has to be competitive and the rehab quality for the area as always.You can't just offer a higher co-op and then list high to compensate for it.That is another classic seller mistake.good luck

The best advice I can offer you is to have all of the answers for the seller when pitching them. they want to feel comfortable when dealing with you, this alone will double your conversions.Good luck!!

This year, that's not terrible... if everything doubles in price next year, suddenly that $75,000 ain't so good.Maybe you could offer them a small equity stake to balance some of that risk?

Following that formula, unless my rents are double my expenses, my debt:income ratio goes up, and after the addition of five properties, may be into the 40s, making a 2nd home purchase difficult.Am I looking at the correctly?

Double taxation on C corps.

If and when the wall needs some serious patching, rip out the drywall and double or triple up a few of the studs so there's plenty of wood for several tenants to mount their "idiot" panels (old-timers remember the term "idiot box"!).

Hey All,Looking for a low cost, reliable Transactional Funding Source to fund my Wholesale deals that require a double closing.

If so are you doing a double closing?