He earned quick money as a wholesaler, and I have a house to keep)Rehab cost: $20k (vinyl floor, interior paint, new dual pane windows, new toilets and bathroom vanities, lights, new landscape, new AC condenser, all done by handyman, spent some extra money for minor plumbing and electric jobs, hydro jet sewer lines, clean up attic (had mice), added some insulationTime spent: 3 weeks (two handymen for the first two weeks, one for the last week)Value after repair: probably around $440kJobs still need to be done later: some dryrots, roof work (it's tile roof, roof doctor quoted me $9k, handyman said probably $5k, home inspector said $15k you can get a new shingle roof.

And a small bottle of dish soap plus soap bars for the bathroom until they can unpack their own. 

Purchase price: $10,000 Cash invested: $32,000This was originally a two bedroom house upstairs with kitchen dining room living room and a bathroom downstairs with like a mud room for say.

Hi guys - we are about to close on a property soon in Philly and are planning to do the following work - -Add HVAC, Add a full bathroom and add a half bathroom, Fix kitchen (keep same layout)My contractor is saying that (Approach - 1 ) - we don't need to pull permits.

This is what i have for closing costs. i think the only thing i can actually save on is the "discount fee".

low cashflow high appreciationNotes purchased in the secondary market at discount to remaining principal balance have the built in capital gain profit with potential for greater ROI thru early payoff or early PARTIAL paydown.  

So I would suggest invest in both as long as you can get them at the right discount to where you can scale. 

Additional contingencies should be added to the budget and discounted valuations should be applied in such scenarios. 

What is astounding to me is the ready acceptance by the people purchasing these guru programs that with only the guru training they’ll be able to make tons of cash by identifying and tying up all these 40% + discount deals that all of us with the experience, education and capital have somehow missed.  

I would use tile in the kitchen and bathrooms ideally, and then LVP in the rest of the property.