There is sooo much on here that it's unbelievable but I'm totally excited!

We budgeted $5k for repairs, inspection, and closing costs total. 2.

- Purchase price - 28k - Total Rehab Needed - 30k (over estimating) - 4br Home.

'Pearl' was rehabbed completely by my uncle and me in a total of about 1 month (spread out over 3 months of weekends and some nights)Atlantic was the first project I hired contractors (a term to be used loosely for this project) so it was a learning experience and if not for my uncle and me, it wouldn't have come out correctly in the end as we had to hold their hands, and had a total of 3 crews in the end.

Asking Price $1.5 mAnnual Income $145,000Expenses $ $48,000Due / Tri Plex's total of 15 units.

In those cases I had paid off at least 20% of the outstanding loan, so the total owed was less than 80% of value.

At the end of five years the bank mortgage was at 60% of total value and I could refinance and pay off the 5 year balloon note from the seller.Warning these do not cash flow very well.

. . .1) a 60 year old house in dated but reasonably good condition is purchased for 75K2) the insurance agent's system determines that the correct replacement cost value for that square footage in that location is 190K3) it's insured for 190K, but with Actual Cash Value coverageWhat amount might be paid by the insurance company if it was a total loss shortly after it was purchased?

Deal#3: paid 85K cash for 2/1 SFR, spent $15K on rehab, sold for $140K#4: paid $86K cash for 2/1 SFR, spent 15K on rehab, sold for $156K#5 paid $104K used hard money for 2/2 SFR, spent 14K on rehab, sold for $170K (put 20% down, plus rehab, and holding cost, total investment was $40K, netted $30K in 90 days, show me another way to make 75% return in 3 months with little to no risk!!!)

Credit score = 680 - 700My 2012 and 2013 taxes show a total of $35,000My montlhy debts, total $200 And I'm looking at going with a VA loan as my first choice and a FHA as my second choice, so my max Debt to Income will be 50 I believe.From these numbers, I'm guessing I can afford a $450 - $475 house note ( tops ).