Though i expect to contract for $255,000 Details follow. 8 plex renovated in 2006 and 2007: new roof, all apartments new carpet, painted, new windows, new lighting fixtures, new kitchen cabinets and appliances.4 two bedroom and 4 one bedroom all with w/d hookupsCurrently 100% occupancy with 1 year leases.Sheduled gross income $3300/monthtaxes and insurance $2500estimated maintenance $1800all apartments on separate water and electriclong time handyman on premises gets rent reduction for service.

My folks had a rental and I helped them do some rehabbing, things like plumbing, paint, putting up sheet rock, tiling, adding bathroom fixtures, and other stuff like that.

Well on a $400,000 house, you won't be buying fixtures and such at Home Depot because a house like that will get quality materials.

That includes partial sheetrock, vanities, kitchen redo(maybe cabinets), texture, paint, crown, fixtures, electrical fixes, etc.Most of the house needs sheetrock, the kitchen has to be completely redone, it needs at least one bathroom (but it will be WAY more marketable with 2), it needs ALOT of remodeling thru the entire house, it needs all new windows, a new roof, a new furnace, the upstairs is nothing but studs, it needs to have some fill brought in, there are two trees that have grown onto the roof and the whole house needs to be sided.Phew.

Paint on the fixtures, 3.

Within 12 months, when you drove by the property at night, ALL the apartments had a bright yellow glow from their windows...We ended up changing the light fixtures to HP sodium and/or fluorescent to solve the theft problem.

That way, the more people see you as being a fixture at the real estate club you will start networking with no pressure. also, they can advise you as to what particular niche might be good for you when in comes to major in school that you can apply into real estate.

I myself have been gearing with these towards a hold and rent approach, this may NOT be your cup of tea if you're looking for a flip only.

Take your list and try each system such as electrical switches, plumbing fixtures, look under sinks, check the attic and basement, etc.Also, you could go find a large bookstore that sells real estate investor related books, find one that deals with rehabs and sit down with a Starbucks and read for free.

Cups with strings?