I am confused now but will sit down and write my alternatives. seems like worth a try on my own before throwing money at services like Deal sauce or prop Stream (sponsored by BP)thanks, Bottom line.

Purchase price: $122,000 Cash invested: $41,000 Value after renovation $175,000.Closing $ 31,000 Renovation $ 10,000 How did you add value to the deal?

What made you interested in investing in this type of deal?

I wish you the very best of luck and I look forward to hearing about your first successful deal. 

I think it's fair to say it's beyond normal wear and tear, but I'm not sure how much is fair to say "I'm going to have to deal with this somehow, and because of the scratches I'm deducting x." 

Networking and securing the right financing will be key to getting that first deal done.

Question is, is the person you are dealing with a correspondent broker who brings them deals to fund or someone from their company.

Not a big sub to fan and definitley not a fan of people trying to wholesale deals off of the MLS.

You can find some 2 units under or around $250K but they have been sitting on the market for over 150 days which tells you its not a great deal if it were an investor woud have already purchased it 4 month ago.  

Wondering what the process looks like for getting a conventional loan for an out-of-state deal.