Dear BP family,I received a lead from a middle-income neighborhood and I am trying to figure out the best strategy considering the following:Empty-nesters tired of home owners dues every six months, have a few recreational toys they are tired of paying storage so they may want to move if the price is right. 158K is still owed on the home but has been assessed for 204K Comps show that the ARV is 250K We are overestimating that the repairs would be 20K max as it is only 9 years old, granite countertops, hardwood and porcelain tile floors in good condition, crown molding, etc.4 bed/2 bath2681 sqftBuilt in 2007We personally don’t see this as a flip according to our numbers and while doing the numbers for a rental, it looks to be a negative cash flow…and that was without adding the HOA fees every six months.We are trying to look in the best interest of both the investor and seller.

I'm not interested in chasing buyers who want the perfect "crown molding" I want to work with people where I'm helping them with their goals and that helps with mine as well.

I'm an investor from Dyer, and I used to live in Crown Point.

@Larry Fried, @David Hedges, @Nick Feliciano, are you talking about Crown Point, Dyer, Merrillville?  

We are planning on meeting next on Tuesday May 3rd at 6:00pm at @Kit Crowne 's office located at...Right Trac Financial Group 110 Main Street Manchester, CT 06042The purpose of this meeting is to bring together all types of real estate investors (new and old) to talk about past, current, or future plans/deals.

ARV is $135,000 clean out incl demo bath and kitchen  $2000 shingle roof $6,000,    ( inc tare down old roof) complete ceramic tile floor throughout $9000 new kitchen cabinets and counter (10x10) incude stove and refrig  6000 bath 3 fixtures  inc tile walls  $3000 AC/heat (has duct work intact) $6000 Paint interior $1700 replace one window and install new sliding glass doors $1700install base and crown molding throughout

The next meeting is this coming Thursday, May 12th, at 7:00 pm at the Crown Plaza Hotel on NW Expressway.

Also want to add a crown mold around top, and install a cabinet in corner to enclose fridge, as with the current configuration the fridge just sits in open and looks out of place.  

Make it plain as possible: hip roof, hardie siding and no pitches, peaks or dormers and no crown molding.  

In this scenario you are the horrible slumlord who will not rent to his own family who just lost their home.heavy is the head that wears the crown