But in analyzing the numbers, my market it looks like I can pick up land for 35-45k, moving cost 15k, purchase of an older home and rehab 50k.

If you're looking to purchase another property, Use the total value of both properties to increase the total loan amount towards the new property purchase.

You can implement this strategy in any market if you make the right purchase.

Quote from @Dan Illes: have lost money in the six or seven figures.People that purchased new construction years ago are not able to close on their purchase as they are now worth much less and can’t afford the payments.

I've been listening to BP podcasts, lurking in the forums, and suffering from shiny object syndrome for awhile.

Thats a good question, Just purchased Batchleads.io membership to give it ago, So far it has the Skip Trace feature and able to obtain mortgage and lien info of leads but, I though it was fine and dandy until I wanted to see how the current MLS data reflects on there.

Have property under agreement to purchase for 10% above my back end sales price ?

Now I have purchased back ones I wasn't the high bidder on, but that is rare.

Let's call it $550k purchase price.Rent = $3,100/monthMortgage: Given that I have $200k set aside, let's assume I put 35% down ($192.5k).

I'd see if you got a warranty. in all of our new builds we actually have the deal underwritten by an external builders risk policy by an insurance company as a smaller builder it hedges our risk and helps the customers be very happy. it's typically 0.5% of the purchase price.