Any company that is telling you these freshly rehabbed houses with good tenants in place also has 25% of equity in it is lying.

Or am I getting some things wrong.be harsh here that 40k is almost everything we got savings wise. we will have a 5k emergency fund after this. and the current tenant leases are up so I would have to start fresh tenant wise maybe hire property managment and just pay out of pocket for themIt looks good from a newbes eyes but I want to hear from the pros

Britney King Start Fresh Renovations LLC

The fresh rehab usually means low capex.

And they would be able to go into the next deal with an all new basis and fresh depreciation.

Freshly updated and all clean inside and he refused. 

This is, admittedly, a half-baked idea.

Unlike leads you can order online from a generic website, I can guarantee that the leads I pull are fresh (60 days or less), off market, and I use a ranking system to determine which sellers are most motivated based off of factors such as the executor of the property living in a different state and the amount of siblings the house has been inherited by.

On a property I sold 10 years ago my buyer (and this is a buyer, not a L/O or subject to) has a "great job opportunity) a couple of hundred miles away and is trying to sell. I agreed that I would re-write his loan wit...

The shows make it sound soooo easy that any fool with some dough and credit thinks s/he can jump right into a flip, splash on some fresh paint and add shiney drawer pulls and make a fortune.I get bid out by these fools regularly and then watch those properties languish on the market for months at a time.