Figure that will save you 6-7% of the loan amount.It also assumes you sell with an agent.

I'm trying to figure out alternative methods instead of using bank financing as of now.

If you are relatively new, I would strongly urge you to attend a number of Sales first, observe which Investors are bidding (they are usually regulars with Cash or Credit-Lines), evaluate the properties that are being advertised and sold, including the figures (numbers), then determine if you are ready to play with the players.

As I stated, there is no need to make adjustments as the 50% rule is an average and over time, as Mike says, you will end up with that figure.

And the more they get distributed, the more likely people will figure out about you and your business.

You said 36k purchase price but didn't give a figure of how much $ you invested in repairs.

I plan to buy them extremely low...It wont make me a millionair but I know the rents and I figured I can bring in a decent positive income if I buy them low enough.

I figure if I can at least one deal a month consistently at an average of $5k a pop I will be doing very well for myself considering I just got out of high school.

April figures for pending home sales rose to the highest level in six months.

BTW, are you including taxes and insurance in your figures?