I am not a rehabber, but as a rule of thumb, when some one is looking at to buy and then rehab and flip is there a specific $ amount per sq ft they calculate in or ever 100 ft??

Then the rules changed.

I do tax liens and different states/counties have different rules, the more info you give the more we can help.

As I plan to move into land/home packages and SFR this becomes more important.I would like this thread to detail how someone might go from where I am to offering financing like any other established financing company.The only rule as we create this list is the reply to get a lawyer doesn't cut it.

Is there any rules against not having the existing owners stay and lease the unit after you purchase from them?

It could be that something they invested in is under investigation or maybe the hedge fund itself violated some SEC rules when it comes to soliciting investors.

I do not have a single member LLC so I can't comment on the rulings for disregarded entities (like a SM LLC).

However, and this is really for the newbies out there, your margins were dangerously thin.The rule of thumb, and this is for your protection, is to buy at no more than 65% of the ARV minus the repairs.

I would suggest brushing up on future and present value calculations as you start making offers, only because it will help you identify what your offer is in relation to what a cash offer would be.Couple rules of thumb I follow.#1.)

This is much simpler, faster, and cheaper if it’s obvious all is lost anyway.3)You can ask for an extension under the identical terms and make payments to the HML using your own money, or that of a new partner, for as reasonably long as it takes to sell or refinance.4) If it looks like things are going well but you simply need more time and don't have any more cash, the HML might agree to convert your loan to accept all interest, points, and principal, when you sell.