The broker's commission is normally a flat fee as opposed to a percentage, so getting more money for the property does not concern the broker to often.

I'm still growing my assets and am quite happy to have a modest percentage increase each year in net worth.

Take your experience with wholesaling and locate the buyers in your area and see if anyone is looking for a cash partner, I believe Jon called it "bankrolling", you provide the downpayment cash and they obtain the rehab funds and manage the deal, you get a percentage of that.

I have read that the magic percentage for a minimum bid on a HUD offer is 82%.

The reality is that the state of PA gets 1% of every transaction, and the county the property is located in gets at least the same percentage.

Obviously the interest rate will be higher with a contract sale, but if I can put down a low percentage as dp, I should be able to lesson my cash output, correct?

Hey, so I was making my offers on properties as usual, and I got a rejection from an offer within almost an hour of making it.It seems that when the realtor inputs the offer, if you are under a certain percentage, their system just spits out a rejection?

I am glad to see that there are no flames here, just good discussion.As expenses can differ from state to state, so may the percentage.

well, because i become retarded when i start to calculate percentages and all the finally cost necessary to determine if it is a deal, i need an excel spreedsheet; i need something similiar where i can plug in the numbers.

It seems to me with rental income and your wife working you should be able to get loans, even if it is a smaller percentage of each property.If you consider your wife's income of $45,000 and 50% rule (overly conservative for qualifying usually higher) you have $75,300 (45,000+60,600 rent x.5=30,300)= $6,275 per month times 28% for conventional financing = $1757 for a payment for PITI.