Closing costs when you buy it need to be factored and initial financing fees if you are financing it.When you are factoring sell price (ARV), you will need to factor off of that realtor/advertizing fees to sell it and ALL closing costs when you sell it.The 70% of ARV minus repairs formula adequately factors in all these factors.

Your best bet is a hard money lender, and if you don't even have atleast the upfront fees (usually about 5-6%) then the HML probably won't feel comfortable with it.Third, when you say you figure it will sell for 70K or 90K, what are you basing that off of?

3br/ 1 brm - 63K/ 10% down owner moving out of town claims that it can rented out for $900-1000 easy. lets be conservative and say it rents for $800.i would need to finance the place with a high 8% loan.my monthly would be about:$416/ loan$160/ assoc fees$73/ mo taxes_______________$649$6300/ %10 down$1200 for closing cost-$700 seller is putting in.------------------------------$6800 investment/ ConC return $1812 %26 percentdoes this sound good at all?

All the folks who provide services in this business for a fee/commission.4) Rehabber - buy low (and in need of repairs), invest your time and money into rehabbing, then either hold as a rental or flip.I'm probably most interested in #4 - I've enjoyed the hands on minor carpentry/painting/landscaping/etc I've occasionally done in the past, and my primary job has given me some experience in project management (locating and managing contractors).

The investor wanted me to find this deal, and would be willing to be partners with me, but I don't want to manage the units, I would rather make the money by flipping the contract or getting consultant fees.......the more I think about this the more confused I get!!!

Lets say I sell a property and make 20,000 off it after all fees and agent commission, how is that 20,000 taxed if I want to cash out on it.

Would like to establish direct working relationships with banks and asset managers to generate some BPO business for my company and avoid the low fees and the likes of the manangement companies (Clear Capital types).

I am now paying $1,000 birddog fee for any deal I buy.

Also realtor fees are usually only 6% of the sales price (195,000*.06=11,700).Now when you say "ranch" I get some concerns.

Also, depending on where you are and your market you may pay some closing costs and some recording fees for your buyer, If you are at 100% of value in your loan these costs will come out of your pocket.