We no longer buy houses with portions of the house outside the area of the basement foundation as buy hold properties.

I offered the asking price with the contingency of a roof and foundation inspection.

Purchase Price: $56,000SFR: 3/2, 1232 SF, Wood frame on block foundation, Built 1986Distance to downtown Orlando: 45 minutesRehab: $42,000Realtor commission: 6%Labor partner profit split: 50%ARV/Sale Price: $129,900Hard Money terms: 10.5% interest, 4.5 points, 9 month amortization (with no payments)At the outset of this project, I had 4 rental units and I took this on as a starving Realtor with no clients and no business.

Repairing the foundation would cost 70k.

It has electric but no plumbing and it is attached to 116 at the roof line and the electric is also joined to 116. 114 is also bundled into the lease for 116.116   is a approximate 1100 Square foot Double wide trailer that is permanently mounted onto a concrete block foundation. 116 has a concrete driveway that is also a boat ramp that goes into the canal that leads to Sound. 116 has had many renovations done.

A cracked foundation, asbestos, unpermitted work.

Flexible on timing, but ready to move on getting this work completed.Converted 2 bedrooms into master bed with walk-in closet and bathroom, but still need a custom corner glass shower door installed.Pierce County needs (South Tacoma area):Detached garage on rental property had a tree that's foundation was ruined by tree roots and the roof began leaking again (there was confusion with property management company with previous repairs and this being a new issue so it wasn't handled in time).

SqFt 1716 Rental $ 110,000 PP Loan Amount $ $ 137,600 $ - Closing Costs 0% Annual Interest Rate 4.5% $ 25,000 Rehab Life Loan (in years) 30 $ 135,000 Total Cost Number of Payments per Year 12 Hard Money Total Number of Payments 360 $ 95,400 Hard Money Payment per Period $697.20 $ 25,000 Escrow Taxes $3,181.00 $ 120,400 Total Loan 70% Cash Left In Home $ 10,478.30 Income $ 14,600 Balance of Sale Rent $ 1,400 $ 2,950 Points 2.45% Costs $ 5,087 APR (6 MTHS) 8.45% Taxes $ 265 $ 848 Interest Pmts HOA $ 18 $ 3,300 Closing Costs 3% Insurance $ 55 $ 20,850 Cash at close Vacancy $ 112 8.0% $ 11,337 Cost of Loan CapEx $ 42 3.0% $ 2,701 Holding Costs Repairs $ 42 3.0% Refinance Management $ 28 2.0% $ 172,000 ARV 100.2 Total $ 562 $ 137,600 LTV 80% $ 4,128 Closing costs 3% Cash Flow $ 141 $ 253 $ (10,478) Cash left in deal 10% NOI $ 1,688.61 1.2% 50% Rule Cash on Cash 16.12% Estimate Repairs Details Equity 25.0% Flooring 6200 Paint 3200 2 Bath 2000 Kitchen 3200 Foundation 8000 22600

I like FB ads as well, for some specific reasons (another topic) but without having a good SEO foundation it is just wasting money.They are big on creating video posts and they are really good at providing some generic content that you can post. 

Quick Bio: I’m an investor experiencing success in Philadelphia and York County.However looking to create a strong foundation in The Lehigh Valley!