When we first talked, he said he would be using a paint that does not smell.

Lets talk about this: You want to buy bank property without any of your own money using a bogus funding letter and then sell to a buyer but you dont have any buyers,....You might be better off just trying to build a buyers list and then bringing your buyers to a real wholesale investor and get a commission.

Next time I install it, we'll be using a fine blade on a chop saw.

Caleb - are you using a real estate agent to present your solution to the homeowner?

I've been looking for these answers and this is my first time using a social site.. hopefully you can help because I'm having difficulty figuring it out myself.

OK, here my analysis of your example:Price: $40,000Down: 20%, $8,000Costs: $1,600Rehab: $0Cash invested: $9,600Loan: $32,000Payment: $235.05 (P&I only)Rent: $625Expenses, vacancy, capital: $312.50 (50% rule)NOI: $312.50Cash flow: $59.45 ($312.50 - $245.05)Annual cash flow: $713.35Cash on cash return: 7.4% ($713.35 / $9,600)Forget using a "virtual calculator".

It seemed like a good idea to me, but like I said, I pour concrete by using a telephone.

What if you save two months revenue using a pro?

I would recommend using a pressure washer to remove any loose material or dirt.

Using a local bank and months and months of networking, I've been able to secure 100% LOC on my NOO rental.