If you're not worried about the property appraising well, then save the $400 for some upgrades on the property.Lastly, I've made several all cash purchases this year and then turned around and pulled out 75-80% of my cash right back out and the lender just used the purchase price as the appraised value...Hope this helps!

We have to do some upgrades to the security system, and other things, but overall, I think it will make the building more appealing to others. 

Then again, I could shop around for decent used appliances from upgrading homeowners.What’s the smartest choice here.

One my personal houses I had to do $2000 worth of drainfield upgrades to pull a permit despite the fact that the drainfield was working fine, building codes had changed.

How would a HELOC work in this case I’ll give someMore info below4 unit Lewiston Maine. 3 , 2 bedrooms, 1 commercial space.Purchase $155,000So obvi seller financed $135,000 I put $20k downMortgage is $1366.81 monthly With the way the market has grown here, and with the rents I am now getting and upgrading as we speak, current market value probably puts this place around $175-190k.

The $14,000 was a 3,100sf home, all new wiring, 2 new interior panels, new exterior panels, new pole and upgrade to 200 amp service, lines for 3 HVAC units, permits pulled & rough-in through final including installation of all fixtures.

Don't do upgrades just to be nice.

Don't do upgrades just to be nice.

Sure, put in the money it takes to keep the place running day by day (i.e. operating expenses), but avoid major capital upgrades until you have title.In the end, it's going to be the Buyer's responsibility to list the risks, assess the likelihood, and take reasonable preventative measures.  

I was trying to upgrade my business model to 100% ceramic tile floors and shutters.