Budget Planning etc...From what I've been readin on here you want to buy at 70% ARV minus Repairs.

4) If you got a loan to bring the taxes current and do the repairs, could you rent it high enough (and consistently enough) to cover the mortgage and other expenses?

I would hate to rush you through this because it sounds like this will be your first time, but yes it can be just that simple with a good attorney.Does the house need repairs?

I have done a lot of them, and would equate the extra work to doing an REO because there is a lot of paperwork, and phone calls with the lender involved, and in addition to that most of them require a lot of repairs, as these are already in foreclosure, and most of the time the owners have pretty much trashed the place, and it is a piled up filthy mess!

We can and are willing to pay the $6,000.The duplex will rent $525 per unit ($1,050/mo) after repairs are made.

Texas City, TX 2/1 ARV: $50k-55kRepair: $2500-3000 (may be less. very minimal repair)Fully Furnished (no refrigerator, stove, or television) Ready To Rent - $550-600/monthHouse #22315 5th Avenue N.Texas City, TX 1/1ARV: $35k-40kRepair: $2500-3000 (may be less. very minimal repair)Fully Furnished (no refrigerator, stove, or television) Ready To Rent- $400-450/monthTotal ARV of 1 & 2: $85k-90kTotal Repair of 1 & 2: $5k-6kTotal Rent for both 1 & 2: $950-1050/monthAsking price: $54.000thank youjhon

They can't help them because the sellers I deal with usually can't or don't want to even wait 3 months to sell their house, or the seller can't afford or doesn't want the hassle of repairing the house in order to sell it on the retail market.See as a wholesaler or as a rehabber, I am always looking for one of two things.

In my market I usually buy houses for 60-70% of ARV minus repairs.

I can send several different versions, and usually get a 1 to 2% response.We like to purchase prior to foreclosure because it gives you an opportunity to view the home and estimate repair costs.

Chuck Smith Ultimate Quick Cash Course Chuck Smith Luxury Homes Scott Rister Instant Cash Wholesaling Houses From Credit Repair to Credit Millionaire by Donna Fox Real Estate Investor by David Whisnant If anyone is interested in any of these email me [email protected] I am always looking for other material as well...I will let these go at a REAL GOOD PRICE too, I just want as much new information I can get my hands on.