If they can get a property dirt cheap, you are still going to see it at the 80% of ARV like he says.

This could be a huge opportunity for investors who can find cheap conversions (think: a SF with an existing in law apartment).

The key to the cheap ones really is the cap-ex over time.

.: I do not understand doing rehab value adds in cheap markets.  

Midwest cities with populations under 300,000 typically have cheap property taxes.

It also prevents you from making the #1 noobie mistake, which is buying in the hood just because it's cheap.

I would put it out to local event planners and wedding planners as they could send you a lot of business.I also would want to take this furnished, you would need a very good designer and it would not be cheap to recreate it how it is in the photos.

Not sure what ($139.11) Wall plate covers $1.62 Garage door balance $1,185.01 Cheap paint brushes $3.89 Drywall anchors $8.21 Door finishing $1,400.00 Wall plate covers $5.48 Shelve brackets and air filters $60.58 Stair refinish $560.00 Door handles-dummy $41.30 Door handles-dummy, angle finder, Paint for countertops $123.40 Front door handle $152.55 Door finishing $350.00 Window balance $10,993.20 Landscape lighting $246.15 Fixing exterior lights and plugs in office $150.00 Door stops and towel hanger $20.83 Ring doorbell $65.84 Light bulbs for chandelier $43.88 Hanging chandelier $49.00 Hanging chandelier $462.50 Vent cover $19.68 Gutter extender $6.16 Mailbox $447.21 Landscaping-Wanderwolfs $119.63 Landscaping $932.88 Gutter extender, 2x emerald green $110.43 Pebbles/mulch $86.54 Paver $125.12 Landscaping $521.31 Landscaping, gutter pop up $403.93 Landscaping-adjustment for 20% discount ($89.78) Beach pebbles, garden staples, Insect killer $135.59 Emerald Greens $72.94 Pebbles/mulch $100.06 Returned Festuca grass ($16.64) Mulch $11.49 Paver $41.71 Mulch $10.38 Front tree $900.15 Fence $5,690.00 Fence stain $667.05 encapsulation $3,165.63

We have some good ones here, and although the rehab wouldn't be as cheap as managing it yourself if wouldn't be full retail price either.

Contractors will make or break your rehab. 2. get 3 quotes for everything. 3. closing costs for refinancing is not cheap and you definitely need to take that into consideration when running your numbers.