Ex. 900-1000 for comparable homes.

On top of that several other GCs have come to the property to evaluate the repairs for estimating purposes, but seem to need forever (over a week) to provide a quote.

Then once you have that figure I would compare your monthly cash flow savings as well as your monthly principal reduction on each mortgage.

Get a couple quotes and compare apples to apples, CoinMach and MacGray for example are the two of the biggest players out there.

It was not on purpose, but it worked out very good for us to go FHA for our first and then VA for our second now that we make more money and can afford a better house in a better neighborhood.

The Home is worth for sale for 150k And worth 280k-340k ARV...every other house next to it is worth close to 400k...If I ran all the ground work and presented the deal on a silver platter for the buyer to just sign and buy STILL CHEAP...With out dealing with the extra BS in certain sense it will become a FSBO after I lock up the deal and prepare to sell...Isnt That the purpose of a wholesaler To eliminate the head ache for the end buyer and get them cheap houses?...

You then can utilize that amount for purposes of determining the depreciable amount for the building.You then depreciate this over 27.5 years beginning when it is "placed in service".

1- Assessed value is a valuation for tax purposes, often has absolutely no correlation with market value, which is the actual value of the asset at a given time.2- Cash out refi of investment property is not possible in 2-6 months.

The reason I wanted to have the property in the LLC name was mainly so that the rent check would be to the LLC as opposed to my personal name for privacy and business distinction purposes.

Wholesaling purposes?