The poorer areas will struggle, while the middle/upper class areas will be just fine.

So, I've done a bunch of different kind of fixer-uppers that required NO carpet and paint.  

@Dustin Beam Yeah, gambling is a correct word:) Especially for fixer upper.

I would label that a failure.For me & my area: A = prime zone, wealthy housing, white collar and high upper middle class blue collar.

My husband and I are currently house hacking a fixer upper duplex and getting ready to move on to our next deal.

Pulling the money out of the primary residence could lower the balance of the loan to buy this car wash (provide some of the start-up capital) and I'll go out on a limb and say the primary residence mortgage interest rate will be low and for a longer term than a business loan you'd need for the carwash (LLC or no LLC).  

Also, if you've tried to buy anything whether it's a SF or condo, everything is flying off the market in the middle to upper-middle class area.

Id like to tap into this equity to help fund my search for my first fixer upper single or multi family unit.

I am comfortable with fixer uppers in good neighborhoods.Does anyone own rental properties that is looking for someone to move in between September 15-Oct 1st?

Hi everyone,I analyzed the deal below and found out that if I had a property manager, accounted for other expenses, and put in an extra $20,000 for rehab costs, I will cashflow $270/month. Additionally, this property ...