Plus when you do repairs, like the kitchen flooring, you can try going to a flooring outlet.

When prices are so low you need to be super diligent upfront as an unexpected capital expense can tank all your profits. 

I want to know from other investors, especially ones that work with wholesalers, if what I am planning on providing investors is overkill.Once I have a signed PSA, I plan on:paying for a title check (to make sure the title doesn't have any unexpected liens)scheduling a home inspectionhaving a general contractor provide a renovation estimate (labor & materials) for both a fix-n-flip and a rental renovationAn ARV appraisalI am planning on compiling all of this information, along with a copy of the PSA, a full RentFax report, pictures of the property, and a video walk-thru into an "investor packet" that will be emailed to my investor list.

Let them know that the day after their deadline, you will have workers scheduled to clean carpet, do work in the home and they must be out.  Let

They explained that basically adding a 2nd 220v outlet is what determines whether or not it's multi family.

Last month I had an unexpected replacement of sewer lateral $6500 and new HVAC of $4100. 

As with anything, you'll find people successful with it and some that are not successful - the factors above are what is important.Since you are using an IRA, make sure you have enough reserve funds in there to handle up front expenses or unexpected repairs.

Hey Thomas, If you need help I have an amazing mortgage broker that can definitely help you out. Let

Please feel free to reach out. Let’s

Common issues are ungrounded three prong outlets which need to be converted back to two prong.