Here’s my embarrassing attempt at doing the calculations:- horrible condition, so $40K in repairs- I want 30% equity position for safety cushion, so subtract $68K from $227K- Realtor 6%, Title fee 1%, Buyers closing cost 3%.  

I'm 30 years old, have $79,000 in investments + $7000 in liquid cash, and want to build up a passive income that pays for a mortgage on a qualitative ($250,000) home, lets me drive a car I'm not embarrassed to drive ($45,000), and gives me the security knowing that if I ever have difficulty finding a job that pays what I get paid now, I'll never have to worry. 

This post was embarrassing lol, but I learned a few things and still have a buyer.

Thank you for the kind words...And yes, I'm truly embarrassed by the editing, especially given my reputation as a "grammar Nazi."

They say that you should feel a little embarrassed when making offers.

My credit score is excellent; I can't do a "normal" refinance; the home to loan value (if that's the correct term) is way off; I'm to embarrassed to give the #'s here.

It was really more embarrassing than expensive.Don

How NOT to Flip a House: An Embarrassing Story of Wasted Time, Money, and OpportunityAnd be sure to set up a few Keyword Alerts to help you stay up to date with everything going on around the site!

Occasionally I work as an independent commercial consultant on behalf of potential buyers and have been embarrassed a time or two when the seller told me the listing was off-market or that they were directly linked to the seller as if we'd perform no due diligence prior to purchasing.

Be sure to check out my recent article " How NOT to Flip a House: An Embarrassing Story of Wasted Time, Money, and Opportunity" - maybe some of the lessons I learned will help you avoid the mistakes I've made in the past!