Holes in Floor(sigh). some of electrical wiring has been ripped out of the wall, ETC.Maybe i can get them to lower the price,idk if they will.

I rip out every oil tank in any property I purchase.

So I ripped that out.I end up getting some reclaimed "half Chicago bricks" and it looks better IMO.Of course, nothing goes as planned.

They need all the mechanicals, new plumbing and electrical.Remember all these properties have been ripped apart from the scrappers.I know you want to help out in Detroit.

I plan to rip it all out and paint the concrete floor and walls.

They had charged the original owner $3,000 to rip out the original and replace the whole tub, surround and plumbing.I had sworn to myself that if I redid others it would be with steel tubs from hereon in.

The walls were kind of torn up and all the pipes were exposed in the basement due to water leak = ceiling fall down.Didnt think much of it, there was nothing in there (so i thought), until the next day i came back and ALL THE COPPER PIPES WERE RIPPED OUT.it was kind of a bad/turning better neighborhood, and i guess you can get some crack for selling all that copper...

I REALLY dont want to have to pay taxes on it because I hate giving away money to a government that's never going to give me my SS money...I think I should just assign it because whoever I assign it to may look at it as I am a good wholesaler for finding such a good deal, and being "honest" and just taking a finders fee and not trying to rip them off by taking most of the equity....Then that way, for future deals, they will be willing to buy from me, and possibly give me a couple of friends who can go on my buyers list.I dont know for sure....OPINIONS?

I have no desire whatsoever to rip my grandparents off.

When looking for a mentor:-make sure they are still active in today's market-ask them for the addresses of a couple of their properties-make sure you feel comfortable with them-if you split deals, etc. make sure everything is in writingGetting a mentor is how most of us learn the business, however there are a lot of dishonest folks out there and many of us were ripped off in the beginning before we found a quality person to teach us this business.