An experienced agent would have worked with the seller to do the repairs before they sold, and captured the forced equity in the sale.

If I can be of any assistance, feel free to connect.

Even if you break even, you will lose money every month it sits vacant, when you need repairs, property management, etc.

Mainly the panel is in the basement and it would require a ton of work and paying for labor hours + repairs. 

Conducting inspections and due diligence on the condition of a property to derive realistic estimates for repairs is still the key.

However, our tenant turned out to be problematic—late payments, issues that led to an eviction, and additional repair costs before we could relist the property for sale.Now, after months of making mortgage payments out of pocket, we finally have an offer.

I am kind of nervous as a first-time homebuyer and first-time investor investing out of state and looking at markets across the country. I am currently looking at Memphis and Detroit. I am not sure. Any helpful tip or...

Hello I found a property that needs 100k in repairs and was wondering if I could get a loan for an uninhabitable house or should I do sellers financing and finance the repairs?

House needs some Interior Cosmetic Work, Wood Fence Repairs and some Plumbing Work.I want to turn and run, but I recently heard where there is a Problem, there is Opportunity.I thought this might be an interesting Case Study.Thanks for the Ideas.If they owe $180k on a $210k property and its a year+ behind then they probably owe taxes and other bills as well.

The big opportunity here is creating a scenario where both parties come out ahead, especially in situations where the seller might otherwise walk away with little or no proceeds.If you’re considering moving forward with this kind of structure, I’d be happy to assist with running the numbers or exploring funding options to make it happen.