But, if the wholesaler didn't have an idea of the estimate, there's no way he could have known if it was a reasonable deal or not, and if he wastes my time bringing me bad deals, I'm going to ask him to stop bothering me.So, the purpose of the rehab estimate for the wholesaler is to ensure that the deal is a reasonable one, so that you're not wasting your customer's time...

He purchased it 4 years ago so I am making an assumption on the interest rate.

while i do have some custom syncing software in place, i still have quite a few sites that need to be updated separately.

that is a very good point (like all feedback above). here's how my mind works during the process. tell me what i am doing wrong...1. i finance all properties, so i need 25% down (55-75 purchase). that equates to around 20k at closing.2. spend around 10-15 ti fix up (so total of around 35k to get a house and get it ready)3. last house a contractor wanted 5k for: 10 interior doors, 10 cabinets with custom laminate counter, fix some plumbing (minor), dont even remember if the paint was included, blinds. i dont think it was. and that's just labor. not materials or anything.4. my holding costs are cheap - around 250-300 per month.since it takes me a awhile to gather 35k, i have the "luxury" to do stuff myself. also, the contractor wanted around 5k to do the work... that would be around 1yr of holding costs.but yes... i know i am missing on potential rental income. does this make sense?

For house designs, my coworker is an architect who ran a custom home building company for 10 years.

The one thing I like about that is that we can see most of the tenants every month. ...With this approach there is another benefit - you go to your bank for a visit bringing the bank your money; banks like that and they actually get to see those customers who bring them money ...

You're a customer.

It is because of the consumer consuming that we have tenants and customers buying doodads (in R.

It's a $12K townhouse in Atlanta that will be held as a rental...we can make some assumptions... :-)

So, looking at deal #2 - Quad in the same townPurchase price: $120000FMV: 139900Gross rents: $2780 per month.Principal + Interest: -$482 (20% down. 30 year fixed loan at 4.5%)Expenses Taxes: -$456Insurance: -$150Prop Management (@10%): -$278Vacancy (@10%): -$278Repairs (@10%): -$278Water: -$300Total: -$1740NOI: $2780- 1740 = $1040Cash Flow: $1040- $482 = $588 per month or $140 a doorThis is a class B neighborhood.I bumped the vacancy assumption up from my last take.