Rehabs ALWAYS take longer than you expect, ALWAYS cost more, it ALWAYS takes longer to sell, and you ALWAYS sell for less than you thought.The rule of thumb for fix and flips is that if your buy and rehab costs are 70% of the ARV, you will make a 10-15% of ARV profit.

Alternatively you could fix and flip some properties then reinvest the profits in rentals, although putting a down payment on a rental will dilute the returns, so this option is only second best to buying rentals that cash flow with no money down.Hope this helps...

mouschi -In general, to figure out your cash flow (profit) on a rental, you follow the following steps:1) Calculate your income2) Calculate your expenses (not including mortgage/debt service)3) Calculate your Net Operating Income (which is Income minus Expenses)4) Calculate your Cash Flow (which is Net Operating Income minus debt service)So, if your house rents for $1000/month (your income), and you pay $500/month for things like taxes, insurance, maintenance, property management, etc (your expenses), then your Net Operating Income is $500/month ($1000 - $500 = $500).If you then pay $400 in mortgage/debt service, your Cash Flow is $100/month ($500 - $400 = $100).

I have a singlewide tralier that I rent out to my parients and do not make a profit they pay my mortgage.

Spend that time looking for another deal, it will most likely be more profitable for you when all is said and done.

I'm working on my multi-units right now so I plan to flip couple properties for quick profit.

Just thinking about this, it seems like realtors that are doing this in the next three years are really going to profit in this market.

Hello!
So how many of you are finding that Summer is a great time to get rehabs done? I have some experience in this and would like to help with anyone who is new to rehabbing or anyone who is stuck etc.

Is anyone he...

I'll pay $1000 min to $5,000 depending on my profit.

After reading a bunch of articles and threads I think my first impression wasn't wrong.I bought a home, lived in it a few years, sold for a nice profit, and moved into another recently.