I'm almost finished with my FL real estate course (started it and in the middle found investing may be the way to go), have been reading like crazy on investing, flipping, rehabs etc and just finished a 3 day workshop.

This was definitely not the case with the house we are finishing up right now.  

It is in Cook County, Il.Two employees of the waste removal company gave me bad info before we rented this unit.

The agent is bringing you a client for the finished home, not a lot purchase.  3-4% for a buyer agent is typical. 

. $867,000Construction of a 4BR 2.5BA 3,000 SF home will run $750k ($250/SF)Breakout of $750k construction is as follows:$100k - soft costs (architect, permits, etc)$400k - Contractor - shell only$200k - finishes$50k - landscapingAll in costs pre-financing $1,617,000FinancingLocal Private bank will finance 60% of as complete value ($2MM) -or- 80% of total project cost.Loan of $1.2MM at 5.5% + 1% loan fee.Financing cost over 12 months $50kRequired skin in game (down payment) - $417kPost Construction Sale $2MM(less) $1.617 Acquisition/construction costs(less) $50k financing(less) $100k sales commission @5%equals $233k pre-tax profitCash-on-Cash Return = 56%After tax profit = $150kAssuming 35% income tax / Total ROI = 36%Would you do this deal?

I think we could all sit here and speculate all day as to why the property is listed at a particular amount and still not finish. 

The house 3/1 bath and is 1060 finished and 900 sq ft unfinished 37,000 lot size. the house is pretty old and needs undating. he is asking 1.5 million.

The market in the neighborhood is about $83 to $85 per foot, but I have two major negatives in my floor plan--lack of a fourth bed in a 2000 plus sqft house and all beds up so I will have some significant downward adjustments despite having the finishes that are considered quality in that neighborhood.  

Hi @Gerald K. sorry for the delay as we just finished up our background check project so we are working as quickly as possible to complete the monthly pricing option.  

I am finishing a rehab project in New Brunswick NJ.