We did have one contractor re-pave our driveway but other than that, we haven't had any actual construction work done on the house, so I haven't used any contractors.

There are also many new construction townhomes all over Houston, so if/when you go to re-sale, most people can buy new for just a bit more (if not the same) than buy your used townhome.

You probably have a lot of friends or relatives with money to invest and an interest in real estate, but they have no clue what to do.

Hi everyone,I and my wife are excited to be starting our journey investing in real estate.

I am sure if you search for standardized RE rental forms in your state you will find one very similar.

You may want to find a good agent in the southern NH area as I'm hearing that market is prime for investment with people moving up from MA, but your other markets might be just as solid.Also, since you're already an agent, it's pretty easy to get your reciprocal license for NH or RI.

I'm going to have a floor guy take a look to be sure, but let's assume I can't re-sand and I'll either have to put new flooring over the old original floors or just tell the next prospective tenant, that's how the floors will be, which lowers the appeal of a very rentable apartment.   

Crush it with investing and one day that will seem like such a small investment to you."  

Hey all! Introducing myself here; I am a former biotech scientist turned to real estate professional. I interact with first time house hackers / seasoned investors on a daily basis. Wanna know what they have in common...

You could structure the deal with seller financing to bridge the gap.Possible offer structure:-Purchase Price: $170K - closer to actual value-Down Payment: Low or zero down to conserve cash-Interest Rate: 3%-5% - or better yet, 0% if the seller will agree-Monthly Payments: Interest-only or deferred until the sale-Balloon Payment: Full payoff in two years when you sellIf he wants $200K, you can still make an offer of:-$170K purchase price + $30K as a second lien due at closing-Seller carries $170K at a low interest rateHe would feel closer to his number, but you still keep within reasonable investment limits.2.