Assuming you use hard money to buy, hold for six months, and have cash to cover closing costs and holding costs (estimate about 12-15% of the loan amount), that should give you a profit, pre-tax, of 10-15% of the ARV. 15% would be if everything is perfect.

In my opinion, the operating agreement needs to outline the investment specifics best as possible and cover as many 'bases' as possible.The agreement should hit these points:• the members' percentage interests in the LLC• the members' rights and responsibilities• the members' voting powers• how profits and losses will be allocated• how the LLC will be managed• rules for holding meetings and taking votes, and• buyout, or buy-sell, provisions, which determine what happens when a member wants to sell his or her interest, dies, or becomes disabled.You never know, keeping it simply may help attract more investors than you think.

and insurance are covered.

***they will wipe those people out to cover the losses, JT** Why are we having all of these problems?

You can delegate a lot in time (after you have enough properties to cover the overhead) but the key is managing your delegation.

There's plenty of things you have to consider what's going on with the property , who is paying due taxes, who is covering inspections, what are the expectations of the seller in regards to the transaction.Real estate as said by many is local, and markets differ in expectations of the parties involved.

Looking down the matrix table to the left we have factors such as:investment propertycredit scorecash outLooking across the top of those matrix tables you would see columns generally covering ltvs.

Its complex enough to fill a book, so its difficult to cover everything in a few posts here.

This has probably already been covered.

Sometimes it means I cover closing costs for the buyer.