Cost estimates must include labor and materials sufficient to complete the work by a contractor.

I have sufficient equity to justify the amount of the credit line, but the reduction was something that they are doing across the board in my area.

It's expensive.In my case, we had to remove the carpet, the padding, and then tried the odor remover, which didn't work sufficiently.

I think, as Dan said, there would have to be sufficient equity and lower payments to justify doing it.

I have about $100,000 in cash that I can use to begin investing into real estate with and I was wondering if this is a sufficient amount to get started with?

There are many reasons to why they would.I would be careful buying with 100% leverage, and only do so with a sufficient reservae account.Jon wrote:"If the property doesn't work with 100% financing (even if you can't really do that), its not a good deal."

Henrik,If there really is sufficient equity in the unit, it can be a deal.

The United States started out as a country of hard working, self-sufficient individuals with a can-do attitude.

The acquisition price should be well under 85% if you're going to risk it, closer to 70-75% and your reserves should be sufficient enough to handle at least 6 months.

Surely, a property needs sufficient cash flow to cover expenses, debt service, etc. in order to run smoothly.