I just signed up and I figure the education I'll get couldn't hurt, but I was wondering if anyone here has earned one of those $1,000 checks for finding them a deal.

Price/ Unit $ 52,500 Price/ Sq. ft $ 74.46 Rental Income Scheduled Rental Income 48,000.00 ( per year) Vacancy (0%) 0 Effective Rental Income 48,000.00 Service and Other Income 1,615 Effective Gross Income 49,615.00 Operating Expenses Utilities: 4,320.00 Repair & Maintenance 1,300.00 Turnover Costs/ Cleaning 3,000.00 Taxes 2,568.00 Insurance 1,750.00 Total Operating Expenses 12,938.00 Net Operating Income 36,677.00 Debt Service 22,884.00 Cash Flow 13,793.00 Cash Flow/ Month 1,149.42/mo Cap Rate 9.178% 4 2-bedroom units rent for $550 4 1-bedroom units rent for $450 Can anyone help me figure out if this is a worthwhile deal?

Its very rectangular so half of it could be made into something else perhaps inexpensively.I'm just trying to think of what may bring this house hope and then figure out what it will cost so I can shoot across an offer.Thanks a lot!

In my own limited contractor experience, I always figured my time and materials as accurately as possible and then factored a 10% profit margin on top of that.I would think that any software would have to somehow be locally calibrated, because material and labor cost can vary dramatically from region to region.

How do you figure over 200 per month maintenance?

Then present an offer based on that figure.

How would i figure out what would be a good price to give him for it.And also how would i figure out if i can make money on it by renting it out.

The seller wants a conventional sale.If there are any investors in the VA area that are interested and experienced with rehabs, drop a line.This is what the figures may look like:Offer: $374,000Counter: $345,000Est.

A great little tool.Then once the bureaus figured out the scope of the practice, FICO modified their models, so it no longer has the scoring impact.

$6,000 isn't going to go far so figuring out the best ways to take that 6K and make into 30K is a good place to start.