I just looked at a duplex for sale today that was rented, selling for 40% of its market value with new carpet, paint, hot water heaters and furnaces.

He paints that cardboard to make it waterproof.

Most of the things they inspect are fairly obvious (new paint, clean carpet, safe electrical outlets, etc.).

The house needed new paint inside, carpet, etc, and the holding company did nothing to for almost a year.

To me paint is paint 50.00 changes a room color other people ooh and aahh over decorations that will move with the current owners.

1. every house needs something have you factored in you fix up cost at min you need paint and carpet.2. your paying too much for it3. you are contradicting yourself how can you have the seller carry back the mortgage if they want out?

I'm interested in turn key properties and not fixer uppers (painting and carpet is fine, and minor repairs I can deal with) no major fixes though.My goal would be to acquire control of properties and rent these properties and produce an income after my expenses.This would be the price area:$50,000 per home single fam. residential 2-3 Bed bungalo, rent for $700-850/month.

Besides the things that are visible, appliance, paint, flooring, there are a whole series of "hidden" things that really add up and can make a house more valuable.These include but are not limited to:Higher efficiency HEATING unit.

We did not have too much to do to rehab, some paint & carpet mostly.

obviously, it's important to note that any real estate agent who HAS NOT ENTERED INTO A BUYERS AGENCY with you is violating their fiduciary responsbilities to the seller.unless they're a "buyers agent" exclusively - then what they are doing can cause them to lose their license.even if the agent knows the seller and buyer...but is rep'ing both without disclosing that - that's NG as well.