I then just subtracted my remodeling costs and my desired profit and I had my maximum offer.

I am brand new to this although I have a lot of remodeling experience and have read up on strategies on looking for investment property.

Infrastructure Trend: The one consistent improvement I see everytime I visit (and I do mean everytime) is that there is always a casino being built/remodeled (I imagine that this is a perpetual event)---this isn't infrastructure in my opinion.

This sounds like a light remodel so the interest only payment on a commercial loan, 15-20 amor. 5 yr. balloon is a great way to go.

The only repairs we are doing is a major complete bathroom remodel, new sheet rock, window and door in the kitchen, new heating system, and 3k in repairs done to the electric.

I'm a remodel/general contractor and am more recently getting into the investing side of real estate.

Definitely Minna, I wish to do this as I've done my remodel business...up and up with who I'm dealing with, knock on wood I've never had a job go bad that way.

Here are the details:4/1 SFHAsking Price: $45,000Currently rented with a year lease for $825/month, although with no deposit.Home was remodeled in 2003, but had it's A/C condenser stolen recently when it was vacant.

My estimates are accurate so it's not like they're looking at $15k to remodel a bathroom or anything ridiculous, but still......I get the feeling that it would look better if it were from a separate entity.I have a friend who would likely lend me his help/name since he would know that I wouldn't be actually contracting through his name, but just trying to help refine my system on these offers.

I personally remodeled 15 homes the past 5 years or so, top to bottom.