The total purchase price was $41k of which I put down $2050.00 this morning, with the balance due in 20 days.

You can bring in an equity partner, sell, refi, or payoff the remaining balance when the note comes due.

They don't have the contracts to use, they don't understand the process, they don't know how much to accept as an option consideration, and They Definitely don't know how to properly qualify a tenant that will have the ability to purchase in the near future.

Is there a balance on it?

Assuming that you are pretty young (large student loan balance) and that you don't mind the property management woes (no mention otherwise-- if you were tired of it I think we'd have heard).

So, we're expecting later this year with our first and would like to move closer to our parents.We currently own a condo ($240k balance on loan) and believe we can rent it out to cover nearly all of PITI + HOA.

This will be a negative number, since your payment is reducing the balance of the loan.Now, if you want to know the balance 10 years in the future, use:=fv (0.08/12, 10*12, payment, $100000)"payment" is from the first calculation.Now, subtract the remaining balance from the starting balance, $100,000 in my case.

Replacing toilets with 1.6 gal (not the cheapest ones, you can get good ones for about $180 that also save you money and still flush properly) low flow shower heads, etc.

I believe that for wholesalers to serve investors the best need to be able to properly estimate rehab costs, estimate ARV, and analyze a deal just as if they were going to purchase it themselves.

I have never done any flips but I could see where if done properly to maintain the arms length transaction it would be nice to have the gains in a sdira.