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Hello Josh:Just upgraded my account.

Here are the numbers -Purchase Price:$112,900.00Purchase Closing Costs:$4,000.00Estimated Repairs:$3,000.00Total Project Cost:$119,900.00After Repair Value:$135,000.00Down Payment:$22,580.00Loan Amount:$90,320.00Loan Points:$0.00Loan Fees:Amortized Over:30 yearsLoan Interest Rate:4.750%Monthly P&I:$471.15Monthly Income:$1,250.00 Monthly Expenses: $978.24Monthly Cashflow: $271.76Pro Forma Cap Rate: 7.44%NOI: $8,915.00Total Cash Needed: $29,580.00Cash on Cash ROI: 11.02Purchase Cap Rate: 7.90%This house needs a few repairs, most notably is the mildew/ mold in the upstairs bathroom, a garage door that is off its tracks, a broken window, a missing mirror, and some carpet that needs to be replaced.

In short, the property is selling for roughly $155,000 and I would like to make various minor upgrades which will be no more than $5,000.

We have always planned on renting (rather than selling) our current home whenever we do decide to upgrade.

Anyone else here have tech upgrades that helped them up sell MDUs?

It teaches the starter steps of investing, managing, and upgrading properties with a fairly low up-front costs.

This is what I am thinking:  I would consider my first property to be an owner occupied property for 6 months- 1 year ( ie, mom living in it while I work on any fixes necessary) then save enough from my other income sources and mom's "rent" to rent out the first place to upgrade mom to a nicer home.  

Even when I bought my current residence, with what little a access I had to the MLS, I knew I was going to have instant equity with some cosmetic upgrades to my home. 

Upgrade your membership and you will be able to place ads in the marketplace section.