If your target was a 10 cap but the inspector said a new roof was needed now for 8,000 you would go 86,940 purchase - immediate capex (8,000) = 78,940 offer priceMost investors shoot for about 100 minimum a door clear after anticipated costs and debt service per month.Remember the costs average out to 50% but some years you will use more and some less but it will average over time close to this.Big ticket items you need to build a cost reserve stable of when those items will reach past the life expectancy and plan accordingly.If you look at the BP file vault on here there is some free stuff and I believe a cost reserve stable in excel example is on here somewhere.

You'll find BP to be an excellent resource for you.

Does anyone have a simple excel program that I can track spending and reciepts while I am rehabbing?

Excellent post.

I can tell this will be a long relationship!

Once you are named as additional insured, and you have an ongoing relationship with the contractor, you will usually continue to receive updated certificates of insurance (until the contractor cancels the policy or notifies the agent to remove you from being named as additional insured).

Hey, everyoneToday my brother and I are meeting with a title company to build some business relationships and, hopefully, secure the agent we will be working with in the future.

He has strong W-2 income, excellent credit, a bank statement showing $108K in cash and only a $106K mortgage liability (held jointly with me on our primary residence).The underwriters are holding up approval of the mortgage because the $10K EM deposit was a check written off a bank account in my name only.

In addition, make sure to have an assignment page that will cover you that will have options for you to accept a non-refundable down payment and having a clause for reimbursing you as an assignor for any costs you may incur while placing the property under contract..i.e earnest money or option/due diligence fees.So, if you contract a property with a seller you'll have them sign your contract, an investor buyer sign the assignment page, and place a non-refundable down payment with you to secure the deal.It would be a good idea to create a relationship with a title company or closing attorney that has investor experience to hear what advice they have for you.

Inside a company all that is included in your operating agreement or in a loan relationship you have to simply pay them off to get a satisfaction and remove their lien.The best deal for you, is the one which involves the lesser amount of your assets being pledged and maintains your autonomy to continue to grow and operate your business in a manner which attracted them to you in the first place.