If they cause a sewage back up because they are flushing wet wipes and the cost of repair is $760, who is paying for it?

Tough neighborhoods still, but plenty of fixer uppers and low cost plots make it ideal for scrappy individual investors looking to get started on the cheap.

Account ClosedOut-of-state investing offers market diversification, lower entry costs, and economic opportunities, but also presents management challenges and increased costs.

Before you commit to building it out of wood and wallboard you could always mock it up using cardboard boxes cut up into sheets with duct tape to hold them together.

Hi @Adelaide Ning, I manage a few MTR's here in Indianapolis for for clients based out of California, this is a great market to get into based on the growth this city has seen over the last few years paired with the low cost of entry.

Partner Driven financed the Millgate Drive deal using its own capital, covering the $115,000 purchase price and $33,396 in renovation costs.

With regards to the cost to step foot into this loan I’d be paying the 5,000 she has in equity plus the difference in purchase price to sale price ? 

Then we have an opportunity to purchase an investment property with a partner and the expected cost per partner is 137,500 with the expected rent per partner to be about 1,600. 

General terms:80-90% LTV/ 100% LTC with a cap at 70% ARV9mo note at 12.99% I/O3pts Origination$1k UW$1k LegalAdditional costs - title, appraisal, property insurance (~$2k)10% of renovation estimate as contingency due at closing.Renovation funds issued on a reimbursement basis for work completed.Looking for constructive feedback.Thank you to all that contribute.

Buying existing rentals and improving it is another story. typically I'd agree but we build a stacked triplex that does very well with build cost around 380k and rent at 5k a month. value is about 600k I think you need to build multiple dwelling units in the same building for the numbers to work