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Similar in many ways to the 2% rule discussed here on BP.John Corey

I have only done straight forward wholesales in which my fee is paid before the property closes and basically I don't even need to go to the close table.Thanks for your time and information!

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Check your deparment of natural resources or department of conservation for the rules.

And read lots of books, this is one field which is pretty straightforward to get up and knowledgable fast by putting in some time studying,

And that’s pretty straightforward, because you just work backwards.

For a long time I had trouble finding any deals that yielded the 2% rule.

If so, and assuming you're going to do hard money for the financing (that or cash, without the CO) then the 70%-repairs rule of thumb applies.ARV = $320,00070% = $224,000repairs = $100,000Max price = $124,000Pay that, and if everything works out as you expect, you stand to make about 15% or $48,000.

They feel that pooled investments are really securities and are regulated much more heavily than real estate transactions.Lending nationwide means knowing the rules and regulations in 50 states.