I’d like more details.

I know Excel basics, but I soon got more caught up in the details of making the spreadsheet rather than finding deals.

I feel pretty confident doing an analysis of the duplex and project expenses, which cash flows nicely at $535 a month and a cap rate of 6.3% in year 1, assuming steep cost estimates and market rents.

It requires a high degree of specialized knowledge to accurately estimate value and repairs, and if you get any of it wrong you will instantly get a bad name with the flippers you're trying to wholesale to.

Was talking to a colleague recently who mentioned the importance of land value as a benchmark when estimating the value of property.

Maybe I am being too conservative in some of my estimates or even forgetting something big.If anyone has any suggestions or things I should look at differently, I appreciate the input!

It's not just learning all the details of being on your own, but it's the psychological aspect of stepping out and starting on your own rather than coming home to mom and dad.

In addition to having an inspirational story, Paul detailed his investing strategy which is a treasure trove of real-estate gold.

Currently has problems with mildew, paint bubbles, etc.4) Is the estimated cost between 1,500-2,000 with a contractor doing the work?

However, if I turn the unit over I am estimating having to spend at least $15k cleaning the place up (new carpet, paint, misc fixes and updates) if I want to get that rent.