Also, your one selling price needs to take into account closing costs, potential hard money points assessed to your buyer, repairs... and your assignment fee.

The idea was to buy the home, make a few repairs, and then sell the home soon thereafter.

This can mean a bank loan, mortgage, credit card, hard money lender, private investor, HELOC, etc.oic oic so let me as another question lets say i find a fixer upper for 60,000 and the ARV is 100000 and the repair cost is 20000, will the bank lend me money to buy and rehab ?

Here is some detailsWhat ever cost i think there is in repair i double it to be on the safe side.

You will be more apt to buy deals that don't drain you of maintenance and repair dollars if you know and understand the construction of a property.

I found this one: (ARV * 65%) - estimated repairs = purchase priceThanks so much in advance

Now there are some expensive repairs that the house needs: DETERIORATED LEAD BASED PAINT ; EVIDENCE OF MOLD ; REPLACE HEAT PUMP ; REPAIR PLUMBING ; REPAIR HVAC DUCTWORK ; REPAIR SIGNIFICANT CRACKS IN FOUNDATION ; CORRECT GROUND GRADE TO PREVENT WATER INFILTRATION ; REPAIR FRONT PORCH STEPS ; REPAIR WINDOW Just wondering if this would even be worth considering.

I'm going all cash on the purchase and repairs, I just would like to recoup that money for the next one.Any help?

There is a clause in the lease agreement that states the tenant is responsible for minor repairs less than $175.  

My guy will bill me, but I want to be there for the inspection, so it is just as easy to pay him on the spot.I get a complete written report, complete with photos of all the damage and needed repairs within a couple of days.