I like using my Spark business card for funding my rehabs because it gives me 2% cashback on every purchase and then I wipe it out every month with rehab draws.

Hello,I am looking at a subto purchase in Oklahoma.

Purchase price: $61,000 Cash invested: $60,000 Sale price: $191,000 The biggest expense of this property was the nine 20 yard dumpsters, yes nine!

At the end of the day, I think we need clarity into what you are purchasing.

Purchase price: $178,000 Cash invested: $2,500 We knew we'd be in the area for at least four years, so we bought this property that has a lot of room for improvement to gain appreciation instead of sinking money into high rents.

Let's do a quick (I hope) and dirty look at it:1 - 100k SFH bought with a standard NOO Mortgage at 5% which rents for $1k, and lets assume; that unicorns exist and fart rainbows, you have 100% Lease Up, and $0 for repairs for the first, lets say, 5 years on all of your properties, and that we buy everything on the first day of the year.Year 1: You Spend 30k to purchase house, you owe 70k your payments are: 376 a month giving you a free cash flow of 1000 - 376 = $627!

Creating an US business entity to purchase the properties. 

In Florida, you get grandfathered on property taxes based on when the value you paid when you purchased each property.  

Be sure to do your due diligence when looking to make a purchase. 

If you didn't do soils testing when you purchased lots, now would be a good time to understand any other hidden costs.