The transactional fees aren't bad considering the profit I will be making off the deal.

I guess my real problem is a gov. that loans money (they printed and devalued mine) to private entity and does not use said money to help people, but instead found another ave. to profit off tax payers.

Loan: 132k( purchase price plus rehabb costs, I need this 100% financed)Cost of Money: 10k for 6 monthsClosing Costs: 5kDown Payment: 14kTotal Investment161k Potential Profit 30-45kMy questions are;What am I on interns of my calculations?

Get the HML and start getting experience (which is priceless in itself) and some profit as well.b.

Hi everyone I'm from chillicothe ohio and looking for partners here in central ohio to learn from and see if i can work some profitable deals in the area.

Learning from them and making less profit in the beginning is so much better than finding yourself on the losing end of a deal.

The discounts required to make the property profitable.

If lower -- say 10% -- then you would be looking at a value close to 270k.Your real profit, of course, is the difference between what you can sell it for after re-hab (net costs of sale such as commission, legal fees, conveyance tax and also cap gain tax) less what you have into it -- purchase price, rehab costs, and all carrying costs during re-hab (such as mortgage interest, prop tax, insurance).

So to make a profit without margins I can only afford to pay 60,000 if I have a rent of 800.

Worked a deal after about six month for some profit splits,. 2010 went on my own the rehabber funded my deals, found another contractor/lender to fund some, I did the work he funded the deals 50/50 split. 2011 hired a couple guys to help me, started a crew, did six houses.