The key here is not necessarily the numbers more about the tactic and if it’s LEGAL and POSSIBLE To DO it like this or if any one has tried anything similar to this: Property purchase price: 80,000Estimated Rehab cost : 45,000Property ARV: 175,000Hard money Loan used for : DOWN PAYMENT & FIXED COST.Down Payment: 16,000FIXED COST : 18,000 35,000 ( added an extra grand ) HML 35,000 @ 15% interest with 6 points Total: 46,250LOC used for REHAB : 45,000 @ 3 % interest.Total 47,000HML + LOC = 93,250Remaining Balance On House : 64,000 @jasonDiClementeHML + LOC + RBOH= 157,250House sells for 175,000 SP - HML-LOC-RBOH = 17,750 profit - tax about 11,000 grand ... not really a big number but like I said it’s all hypothetical.

Have you gone to local REIA meetings/ Those are usually filled with HML's. 

Just do the extra research and figure out if this is the one.Cheers! 

The investors that claim to be "killing it" with their vacation rentals are usually slaves to the phone, doing all their own cleaning and maintenance, etc.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

Some Auction.com properties even sell without an inspection contingency.Highly recommend you read the fine print, and contact Auction (or the listing broker they're working through, if you can find it) to double check the details on your specific property.In general, though, yes - you usually get your earnest money back if the deal falls through.

That will usually tell you right away if you are dealing with a "Salesman" or a source that has in depth knowledge and experience in that specific area. 

If you own your own home in the area (or know someone who does), the amount you're paying for homeowner's insurance is usually a reasonable estimate.  

i think i have a potential seller its a double wide 1846 square feet move in ready , with a short white fence & a shed 3 bed 2 bath 2 living rooms they want 39500 usually single wide homes are at that price in that park but i dont see comps for double wide onesi bepieve lot rent is 500-600

If my closing costs would be reduced if the seller agrees to carry a note in lieu of a traditional mortgage, can I offer a bit extra on the purchase price?