If you're gonna live under someone elses roof, you're gonna have to play by their rules.

Trouble is if you listen to the media you'll always think the real estate market sucks..Remember when prices were going throught the roof?

Some things are small and no big deal but others, like a roof, can be a major expense. 8)

Only real immediate repairs are a new roof, est. 10-12K.

Only real immediate repairs are a new roof, est. 10-12K.

Misc: snow/lawn $100 per monthLocation: Lower incomes, typically high turnover, though relatively decent part of town.Condition: plenty of defered maintenence, older baths ad kitchens, roof needs in near future; condition reflected in rents.Misc.: potential for office use of 1 or 2 of 1st floor units, parking 10 cars, no garagesWhat would you pay?

We do most of the work, contract out the roof, and siding..

Max Selling Price $160,000 Acquisition Cost 2: $110,000Repairs (estimated) : - $15,000 (Roof, Paint, Lawn, ETC, Ill get more info tom.)Four month Average.

Something with a brand new roof that needs to be replaced in 15 years and something with a worn out roof that needs to be replaced immediately are two very different animals when you plug them into a real world model.

The list price was $46,900 , the bank assumed it needed a new roof , paint , carpet , plumbing and a few other things.