Come on y'all, this is a once in a life time opportunity!

At least you should have lower maintenance costs since you have done some major improvements recently.Look up the 50 percent rule and see if your property fits or is close that criteria.

Our average borrower pays 73% and I suspect your potential buyers wish they could buy at 60% but would pay more.Many forget that it’s not percent you take to the bank, but dollars.A low dollar flip, as you presented in your example, would be extraordinarily risky for all but the few who could control their expenses tightly, knew the area well, had good relations with the building department, a great contractor, etc., etc..

Of course the company gets a higher percent then the two agents combined.

then you really need to punch your numbers into one of those online amortization table producing sites to come to grips with reality on this.Go to this link:http://www.bankrate.com/calculators/mortgages/amortization-calculator.aspxEnter 50000 for loan amount, and 8 percent (it defaults to 30 years).

One of the homes had a value of $250 (two hundred fifty dollars).

Most of my DOT had the following as an example:That certain promissory note made of even date in the original amount of One Hundred XXXXX ($146,000) bearing interest at 8.125 per cent.

I can drive over and fix a broken faucet for that price (I've done that, faucet covered by Home Depot's "lifetime warranty", labor by me, total cost = $0).

No other browser gets even a tenth of a percent of use on our site, so if the functionality doesn't work, we're not likely to support it.You can enter a name by first or last --Here's the tutorial:@Mentions Come to BiggerPockets

Last time I asked, I was told is was after 5 years AND 80 percent of original loan, thus an appraisal would not be required.