Let's say it costs 145,000 for acquisition and $2900 for closing costs.Make the the hard money lender doesn't have any points up fronts.245,000 sales price-145,000 purchase price-2900 closing cost from acquisition-25,000 repairs (get bids)-14,700 realtor disposition fee- 4,900 closing cost from disposition-20,300 interest payment for 1 year-3,000 misc utilities, insurance, pad, etc--------------------------------------------------29,200 net profit if all goes right .If seller is not wanting to sell for so little, the you may decide to work for cheaper, but either way, this gives u a basic idea of your numbers.

Once I got them to camera it we found a main house U-trap that kept clogging with gunk.

If you are responsible with your money and have higher income, Dave Ramsey misses the boat on leverage when it comes to real estate investing, tax advantages, and overall financial strategies for people who dream big with $ goals etc. he's great if u want to live a simple life and be debt free but I don't believe you can be truly wealthy following his plan.

If u want, tell him "Ryan Spinola" referred you.

can u help explain how you get 100 a month cash flow? 

If you are talking about U of M, then that area is much smaller then you think.

When you think you know every thing to start, you will learn something new that will make you wait a few more days, which will turn into a few weeks and then a few months until, you get to the decisive point that decides if you are going to be a real estate investor or not, so the best advice that i can give is to stick with wholesaling until u succeed,be persistent and always, always remember why you want to be a real estate investor every single day. if you dont know your why then the fist thing you should do before anything else is to find out why you want to be a real estate investor. with that i wish thee the best of luck and to be a successful real estate investor

@David D'Errico, do u have the #s to break down....?

I'm interested in wholesaling and fix and flips, what about u 

If u find someone that is selling their multi-family or single family using seller finance, what kind of contract do you use?