The learning curve will work in your favor, besides, you can't rush the setting of a foundation before you build on top of it.

I think Flakes are also at the top of my list!

http://www.builddirect.com/ especially their marble/granite/slate prices....kitchen cabinets....a friend of mine went to lowes, special ordered the cabinets and then canceled the order and they gave her an extra 25% off because of the slumping sales....for equipment try out the pawn shops or again, networking....hubby gets top name stuff from a certain big box store ...he gets the stuff below cost.

update, my account is now 6 months old and i have not heard from ACS credit repair since feb 16thI have sense gone with veracity credit. great company top notch and very professional.

The house is just another problem on top of whatever else they're dealing with.

Thanks to all of you for your insight the combined knowledge on BP is a fantastic tool.

It got me thinking: I will consider using Tile on the First floor and use the Carpet on top floors.

Or maybe he is on Meth or just drank an energy drink.It simply seems over the top to hammer these guys for something that is seen in all social circles.It does not matter anyway, most investors never listen and never hear anything other than what they want to hear.

You're right on top of things!!

For instance, a home with an ARV of $100k or less, you need to be at the 65% minus repairs, a home with an exit such as yours of $475k can be as high as 77% IF it is an easy and quick flip, guideline should be set no more than 75%.For homes with longer rehab times and higher ARV's like $750k and up, you need to get the rule back down to the 65% mark again.Point being, the rule needs to adjust according to each property type, time factor, difficulty factor, etc.At 81% of ARV + you added in rpeairs on top of that (if that costs was $25k) then your "all0in cost to exit price was 86.5%Your $42k profit based on an estimated $411k cash investment gives you a cash on cash return of 10.2% (that is only half of the minimum I shoot for).