I would like to know what all qualifies as completely clean here- Electrical wiring is normal and no unlicensed modifications - Structural inspection is also clean.Seller is ready to discount the price by ~20% from market plus the cost to repaint the whole house What are other questions to ask and things to consider in this scenario?

But by this way, I do not know if the equity can increase more than BRRRR strategy when refinance or NOT since there is no rehab involved.With HELOC, I think they allow me to take out 70-80% of equity which will be $250k-$300k.

Developing a team across state lines, cheaper contractors are not always best, they cost us time and money because they weren't the right people.

My question is, would a duplex by a cemetary make for a good rehab and rental?

Hi everyone,I currently have a property under contract for 175k (ARV 290k, 4 bed/2 bath, 2054 sq ft, rehab: 40k) and I am not able to find any buyers yet.

So if a property was offered at $500k, John might offer 2 parcels assessed value of $70k (cost him no more than $1k) and a seller financed note of $380k.  

Something to consider is with $30K (which is no small amount of money), you will need to factor in closing costs and repairs (unless you can negotiate with the Sellers). 

The biggest drawback I am having is calculating cost for repairs & finding a reputable contractor for a fair price - I know nothing about renovations right now.  

Would talk to contractors and get a sense of renovation costs and ARVs. 

Settled at $247,900, 3% closing cost credits, and the seller also put in about $3,000 for repairs.