The way to recoup the loses and enforce the judgment once received, is to garnish the person's wages.

Opinion 1Opinion 2 (seems to be the same survey)A straight forumla:90k ARV X 70% = 63k63k - Repairs(7.5k) = 55.5k55.5k - Real Estate Fee (6% on 90k sale price) = 50.1k50.1k is your highest price by my calculations.This is a good price because even if your repairs double to 15k, you aren't going to lose your shirt.I don't know where your place is, but I see a TON of places available in KC, MS.MLS listings with at least 3 beds, 1.5 baths 65k-100k:Kansas City PlacesStart with the address and fan out from there.

The return on my time isn't worth it for me, especially if you factor in gas, time wasted in commute, etc.There are still deals (I'm working on a few right now), but like every other market with low inventory, you just have to fight a little harder, margins are a little thinner, so I wouldn't advise trying to flip if you have never done it, as you will likely lose money.

This can be in an estate in an hour or in a benefits determination arising from health care in a couple days.The "inner city" is a flag to me as to value and can't imagine a bank walking away losing that much if there was equity in them, so I'd have to question the comps.This needs cash to payoff the lender.

In one year the property might not qualify for a hard money refi or you might not qualify for a conventional bank refi loan.Be sure to have multiple options or you could lose it all.

He assured us that he could force mortgage rates down for an extended period of time and that this would lead to a housing recovery.But now the Fed is losing control of long-term interest rates.

An irrevocable trust transfers the assets immediately and the owner loses all control over the assets.

So my take is that if you start to heavily market to preforeclosures, you'll find those who are going to lose their homes in spite of the fact that they have equity in them.

@Jimmy MoncriefShort Answer:Start at 550k and be willing to pay 650kLonger Answer: I get the same number that you do, but I don't see a management fee, cap ex or vacancy expense in the calculations anywhere.With an 8% management fee and a 6% vacancy expense I see this place losing you about $460/month.I have no idea how much your cap ex costs will be, but I would imagine a place like this probably has a roof that costs 15k or more to replace.

I was given a large investment by a family member and all he said was “don’t lose my money.”