Cheap and easy, use the pressed wood cheap stuff to save 50 pct. dunno whats wrong with your ceiling that you want it torn out, but theres cardboard, metal, and textured ceiling tile looking wallpaper alternatives to simply cover the flaws. 15+ cents a sf for textured ceiling tile wallpaper DIY, .50 to 1 an sf for armstrong cardboard diy, up to $50 an sf not installed for copper tiles.

As a new wholesaler, I'm still confused how I estimate rehab costs when determining the maximum allowable offer and the profit potential.

I hate to say this simply because I think Mike is one of those "grumpy Landlords"; lol, but if you buy Mike's Ebook and follow it, this will tell you everything you need to know to get started safely.

Like all confidence scams, this setup plays off of the ripe greed and/or desperation of property investors and homeowners alike who are holding houses they need to move.I have yet to determine how widespread this scam is.

Once in a while, it will get rejected, simply rewrite the offer at a higher price and they will counter.

I simply thought this mess was over. he has valued his furniture at over 5000.00 dollars and even provided photocopied statements of the monthly bill of financed couch and loveseat. he has estimated his loss at roughly 10000.00 and states he is currently in the process of finding an attorney.How can I protect myself from this deadbeat?

When the homeowner dies, the house either (here's where I'm fuzzy) reverts to the lender, or is sold and the proceeds pay off the lender while the estate gets any remainder.So, it could be set up simply as a loan, with whatever distribution she needs.

I would avoid speculation/betting on the draw starting out.An important key is to determine what sells the most in your market then align your purchase to whatever is getting the most turns.

So I basically have seen two basic formulas on these message boards to determine whether or not a property is a good buy.For rehabbing: (ARV * 70%) - repairs = Max Purchase PriceFor Renting: Rent * 50 = Max Purchase PriceI would like to buy a property to Rehab, but be able to fall back and rent it if I can't find a buyer quickly... while also having positive cash flow after mortgage and operating expenses.If I put an offer on a property for $25k and the ARV is $50k (if I put in all new flooring, paint, and redo the kitchen and both bathrooms) that leaves me $10k (According to the formula) for repairs which I could likely do if I'm doing it all myself.BUT...That would have me with $35k into the property, and I am only confident of being able to rent for $600...

Do your best to help them, but if somebody is determined to get scammed then you have to let them go.It's the innocent ones that get scammed that pang my heart so much.