Originally posted by Joel Owens: In these 1 bedroom situations we look at "highest and best use".Even though it was built as one bedroom the highest and best use might be to tear down a wall between the units and convert a majority of the 1 beds to 2 bedroomsThe problem with that is unless you have the cash to pay for a remodel on that scale and can take the huge vacancy hit(which in turn takes a hit on your cash flow)because you'll have to keep the units vacant for the remodel it's not feasible to warrant that.

How do remodeled fixed houses sell with nice finishes?

I have a remodeling company too, and we have a 4000 sq foot shop that is full of stuff.

He wanted 145K initially saying it was remodeled 4 years ago.

These neighborhoods are being revitalized, some homes are remodeled with the latest amenities while keeping the original charm of the house.

So what I'm asking is if there's a way to get maybe a hard money loan for a property sold undervalue more than 70% under ARV already fully remodeled.

The mobile home is a 1972 14x60.He completely remodeled the inside, hardwood floors and new carpet, includes gas oven, gas stove, microwave, no dishwasher, gas furnace, no washer or dryer.Second bedroom is tinyIs there demand for this kind of mobile home usually?

Pictures to come over the weekend as we start the remodeling.

As a handyman/contractor, where do you guys find the person to take care of all your home repairs and remodels?

Tenants pay electric and gas.loan would be about $250/mo 45k @ 5.75, 30yr, 3k closing6 unit:4 2 BR $650/ea2 studio $450/ea2010 figures3500 rents5768 taxes1500 ins2244 heat3600 electric1500 water1218 total monthlyAll brick 3 story, no landscaping, new furnance and half roof done in '05, all kitchen and bathroom remodeled, new windows, flooring, entry doors, carpets, coin laundry, stoves, refs, and smokes done in '06appriased 165k in '07, asking price 172k rents include utils, looks to be turn key, fully rented, no work needed, inspection tomorrow 3/19/11, i know it has older BX wiring and asbestos wrap around the heat vents between wallsI can get a comm loan. for 6% @ 25yr, with .25 $921/moThanks for your time,Justin