Essentially that's about right though figures tend to be different and it works for a market that's appreciating.

Just get bids, check your rents, figure out the math, and buy.

You are welcome to use any figures you choose for yours.

You need to figure out what rent you will get before you go into the deal, at least to a fair confidence.

I should be at the next WCRT meeting in August so maybe I will see some of the locals there.Mike I am really still trying to figure out why I stopped to be honest with you.

What you should also do once you have made a list is to figure out a plan that you can follow to achieve each of these.

Its not an issue for me right now, so I've not tried to figure out the details.I have heard one guru claim you could avoid SET and dealer status even if you were doing quick flips if your INTENT was to hold long term.

One of my private lenders is a career nurse who has several properties in addition to her now, highly lucrative, 6 figure plus salary.

I was just wondering if there was a certain figure you guys would resell that property for after taking the ARV into consideration.

But, figure the taxes into the deal.