Additionally, I presented the business plan in four business plan competitions - placing 1st in a state competition and 1st in a national competition.Therefore, I feel with over 25 years of home building experience in design, estimating, site superintendent, purchasing, land development, as well as marketing and entrepreneurship, equip me with what is needed to succeed in real estate investing!

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.Download BP’s newest book here some good due diligence in Chapter 10.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.Download BP’s newest book here some good due diligence in Chapter 10.

Secondly, know if the auction is going to make your property free and clear of if you need to look at leinsthirdly, you need some sort of rehab estimate. 

When I explain wealth accumulation through real estate, having other people purchasing property for you, it sounds fanciful and I get a lot of rolled eyes.Forget 'em.

In some cases, when the repairs require it we have a contractor inspect and provide and estimate during the inspection period.  

That being said, you need to be very careful about your ARV and rehab estimates before moving forward.

Now when i check it seems a lot less certain. now it says things like "estimated value" "est remaining balance" "est equity" ect ect ect.

So, when estimating anything, I generally take the numbers I am not certain of and make my best estimate and then assign a confidence value.

My thought process was to do all the due diligence (Inspection, appraisal, rent estimator calculations, etc.) and take all that information to my potential private investors, them bringing the capital, me doing everything else.