If the deal needs you to put in 10k (hard money option), you only need to come up with 5k and they come up with the other 5k.

If you let him store stuff, you need to put in writing the final date it's all gone by.I let a good tenant take extra time to move out, and it ended up causing trouble with my new tenants because they felt these "random" people just had access to the property (a duplex).

I'm with most people in that it looks pretty thin especially when you have not put in those other holding costs.While not HUGE they will eat away at that profit.If you are going to do the work yourself how long to think it will take you?

Welcome Andy, You certainly have an advantage as a contractor because you can generate estimates for rehab before you even put in an offer.

However, if one person cannot provide the entire equity the builder is looking for (let's say maybe 5 people can put together the amount he needs) then is it still possible to put everyone as second position (assuming everyone put in the same amount).Thank you all again.

Another great way to save money and hassle is to put in your lease: if there is a clog in any of the drains at the rental unit tenant call the plumping company at his or her expense.

That's all well and good if you can put in the time and effort and get yourself a deal with little to no money that is great im happy for you.

If things free up for us an we put in the additional capital latter in the year we will triple this year without debt.I won't say that we don't worry about an economic downturn but with the limited debt and the cashflow coming on we hope to have it paid off by the end of the year.

why cant you just cut some space into the counter area to put in a dish washer?

Bought for $47,500 and put in $28,000 for a total of approx $76k.