This is pretty tight, as many investors like to be at 70% and below (depending on the area)You have to make sure no major repairs are needed so that you can keep most of the profit in your pocket.- This is what you do.Have a local real estate agent pull sold cash comparables in the area within the last 90 days.

Hi, House cost = $59,000, but with repairs the total cost came to $82,000.

Some of the expenses are estimates such as repairs and vacancy.

I was contacted by a person selling a home that Is in need of MAJOR repair.

If you do not know about foundations the cost can be a little or huge to repair.

We bought it for $23,500 on 10/31/13 and rehab came in under budget at about $8,500 which included tree removal, siding repair, Porch support post replaced, sheet rock and paint int., tile kitchen/dining, hall, laundry, new carpet living room, BRs, appliances, plumbing repairs, new ceiling fans/light fixtures throughout, insulate attic, new int.doors and front entry door (kicked in while rehabbing), blinds.

A reduction might be better as you do not know the standard of repair an existing seller will use on a property.

Lag time, cash flow, seasonal concerns, repairs/maintenance, management requirements in operations, staff needs to be paid first, will determine when and how investors can be paid.

This is not in place of calling the repair company but in addition to it.

oh and to save some time i knowasking price, comps, and repairs are a must but what beyond those numbers/info?