I will be looking for my second rental property sometime early next year and have been considering buying a cheap fixer upper house around the 20,000 dollar range.

It was a fixer upper but when 3 of the furnaces failed within the first 3 months I got concerned.

Actually, it's probably the end of the first leg of a 11-leg journey!

You may want to task the agent with doing some leg worm.

Depends on how will be doing all the leg work and putting up the financing. are you experienced or is the new partner bringing the experience. if you are putting financing and leg work then I will go with a higher %. if everything is split evenly then you can go 50/50 on profit. please create operating agreement to avoid issues later down the road.

To a lesser extent, you're seeing more fixer uppers than move in ready homes that failed to sell in the spring/summer-these individuals have finally gotten their wake up call and made drastic price cuts. 

Hello everyone I am also new and was wanting to know if I could get a mortgage loan with a credit score in the upper 500s I'm self-employed first time buyer does anyone  know if I would qualify I would rather do L/O than wholesales the wholesaling thing u need to know people u can sell to quick or if u know how long it takes to build a score thank you 

I am new to investing (we have a fixer upper house and mobile home we just closed on).

(Goal is financial independence mainly via buy and hold rentals)Basically we purchased a "fixer upper" in early 2016 for $230K.

It was definitely a fixer upper, but had everything you wanted nice yard, neighborhood, and 4 bedrooms.