Terms and conditions apply.Nothing is FREE.

Are there ANY more repairs needed to be 100 per cent move in condition???

If capitalizing deals isn't interesting to an individual, then that individual is not investor and I'd recommend looking into habitat for humanity or a similar NPO to affect social change.

Currently, I'm trying to get rentals at less than 75 x rent, because at that number I can get my desired return with current interest rates.When you say market value, do you mean in it's current condition or after repairs?

Aside from income metrics, banks are also pretty obsessed with collateral quality these days, so it will be a good idea to only show them C+ or better, as far as location, and property condition/age.The typical local bank will offer both conventional (the 30-year fixed you're looking for) as well as in-house (portfolio) loans.

Another way to find buyers is to track properties that are currently on the market that will not qualify for a mortgage due to the it's condition.

They would need to see the condition of the home to be able to make an accurate assessment.

I recently found a great investment REO multi family unit building that is in relatively good condition (from the outside at least) and although it is an REO, there are tenants still in the building.

Joseph -Appraisals are allowed to do about a 10% adjustment on condition.

This was certainly an increase of income and not a negative situation.Good call, Rich...this is the point I was going to make...These days, I would highly recommend to anyone who wants to make some easy money that they should buy an REO that's in decent condition, live in it for two years, and then sell to cash out the equity, tax-free.