![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/576632/small_1621492968-avatar-tsmith16.jpg?twic=v1/output=image&v=2)
26 August 2016 | 9 replies
Always do a math analysis and try to look at the prospective properties before you make an offer or at least have a clause in the sales contract that allows you the time (usually about 15 days) to make a detailed inspection and possibly back out of the deal without a penalty that will hurt you too much.I went to college too (and it is not mandatory) and I got a business degree that emphasized real estate.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/390039/small_1621448522-avatar-hanifah.jpg?twic=v1/output=image&v=2)
22 August 2016 | 4 replies
I can't include my personal email address as it isn't allowed on bp (my email was flagged until I removed it).Have you ran into any problems with them during any wholesale transactions?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/348735/small_1621445872-avatar-4thefam.jpg?twic=v1/output=image&v=2)
23 August 2016 | 20 replies
The seller managed to purchase at a time where prices were still depressed and purchased through a short sale allowing a steep discount.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/439341/small_1621476698-avatar-jamesb128.jpg?twic=v1/output=image&v=2)
28 September 2016 | 5 replies
In doing so, I had to breakdown entire rehab into small jobs rather than allowing GC to bid entire job.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/432125/small_1621476373-avatar-lukeg7.jpg?twic=v1/output=image&v=2)
29 August 2016 | 15 replies
So, why not just borrow as much of a percentage as they will allow from the outset?...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/576597/small_1621492967-avatar-martyg4.jpg?twic=v1/output=image&v=2)
21 August 2016 | 0 replies
Since I don't know the area in Orlando very well, I have a job that allows me to call anywhere home and the Orlando area is a place that I'd like to invest in due to its proximity to parks and a potential job offer for my significant other.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/556968/small_1694567268-avatar-derrellb.jpg?twic=v1/output=image&v=2)
22 August 2016 | 7 replies
However, as @Andres Verney suggested, if you get a percentage off of other people's rentals, and roll that into your own, that could help you on your way and allow you to minimize the expenses on your own rentals.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/478479/small_1621478460-avatar-hootjr.jpg?twic=v1/output=image&v=2)
22 August 2016 | 5 replies
However, we're finally at the point where we'd like to start making offers.At the moment, I first calculate using the typical BP rules-- 50% rule, 2% rule (I allow them to go down towards 1.25%), 70% rule with flipping estimates, $100/month/door, etc...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/607181/small_1621493672-avatar-robh48.jpg?twic=v1/output=image&v=2)
22 August 2016 | 6 replies
Or has the change in occupancy allowed me to back out if I desire?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/557892/small_1695555528-avatar-avb5.jpg?twic=v1/output=image&v=2)
26 August 2016 | 3 replies
But two years later, I moved but the bank allowed me to keep it.