I'm a little nervous too because the asking price is a little high for the amount of repairs that are needed, but I'm trying not to scare the owner with a low ball offer because I'm focused on getting him to finance the deal so I can get a low interest rate or no interest at all.

We bought the property for $135,000 on 11/06/2023, invested $62,000 in repairs, fully updated and finished the basement, and sold it for $265,000 on 03/22/2024.

http://www.biggerpockets.com/forums/56/topics/62430-what-do-you-drive-#2002 hyundai accent2007 Jetta2004 GMCAlready did the dream car thing, all muscle cars and a vette.

In the meantime they are responsible for all maintience and repairs and get any forced quity they put into it.

We purchased the property for $165,000 on 12/20/2023, invested $25,000 in repairs, and sold it for $234,900 on 3/28/2023.

The 50/50 profit split is legit.You pay a partner fee to get started.They pay for the houses, repairs, etc. and you split the profits 50/50.Buy box is residential 1-4 units and 65% to 70% of ARV (house plus cost of repairs total)

Holding the house and we kept it in good repair What was the outcome?

So even if you have the same tenant without turning over, your property will be inspected every other year, and you will be required to make repairs, that with a market tenant would not have otherwise been required until turn.  

My husband and I are in the same boat with a VA loan, and being told that since we itemized and deducted so many repairs, etc last year from our new rental that we can not count any of the 3k in rent towards our income, and so the 2850 mortgage payment doesn’t offset and therefore ruins our chances of getting a mortgage :( 

If possible, have a contractor (or multiple :)  quote out the repairs.