I tried to keep accurate track of the hours on this specific deal, but if you count all of the hours and dollars I've spent over the years on real estate education, evaluating deals, making real estate contacts and even surfing Bigger Pockets, the numbers wouldn't look so sexy.Someone asked Tim Ferris (4-hour workweek) once how he was able to do all his personal reading, blogging and networking in just 4 hours a week.

Hi all,I'm a newbie from East Boston looking to test my hand in real estate at some point over the next year or two, after immersing in the wealth of knowledge on BP.

Further, there was no drywall or anything that would have required invasive testing.

Your numbers, if I have them all right and your rehab budget proves accurate are ~12k current cost, plus ~40k rehab for a cost basis of ~52k.

If that is accurate the 70% doesn't matter.You also mentioned a Realtor.

Applied Accurate Knowledge is Power"You can learn knowledge but do nothing with it and get nowhere.

You have to take some class and a test.

They are a brokerage so numbers may be rosy, once you determine a market you could contact local lenders to see if numbers are accurate.

Its pretty accurate .

So far their forecasts have been pretty accurate.