Sure she would start out with a manageable amount of logs, but would just keep adding so by the time the fire was fully burning she had overloaded it.

I'm sure if you'll poke around in old threads, you'll find lots of suggestions on how to evaluate your offer price, from people much more knowledgeable about flips than I.In general, there are formulas based on selling, carry and closing costs that go like this:ARV X 60% (or 65% or 70% depending on percentage of profit that a market will accomodate) less the rehab costs = MAO (Max allowable offer).

You now do it from the home page at... www.BiggerPockets.com You also have to log in and then click on "DashBoard" and then on "Edit Profile" in the links on the left.

BUT, a couple of things I've noticed: If on a new visit I go directly to the forum page and log on, then go to the dashboard or inbox I have to log on again.

Since you are already planning that, why not start out with debt financing on the first as well.This of course does not mean to over-leverage, but perhaps placing 50% down on two rather than 100% on one may equate to better returns.As All Cash also pointed out, make sure to include all the other expenses to evaluate your cash flow and thus your ROI.Another option would be to get a commercial property to start which can produce higher returns and monthly cash flow.

J Scott,I only have a minute her, so let me come back to some other questions when time permits.My evaluation of potential wholesale profit with an REO is specific to the California market.

That is why I say get a good company to evaluate the situation.Another thing you can do is get a state certified engineer to evaluate it.

And that is to understand how to evaluate a business, its industry, its competitors, the barriers to entry, pricing power, etc. and determine if the business is undervalued.

I think the point to remember is to get your own comps, both ales comps and rental comps to evaluate a price, and not depend on some website to do it for you.

It sounds like were getting somewhere--- this is a particular case and we draw up a different Partnership Agreement each time, so we could do something like that.Do you guys think it's flawed logic to evaluate a deal based on $ made per hour?