Sunk $70k in top to bottom repairs, new kitchen, roof, windows etc. and did not borrow more than I absolutely had to. 1031 exchange replacement.

I am planning on redoing the roof and siding of a building that I just purchased, and want to estimate how much it could potentially increase the appraised value.

It needs a new roof.

However town hall says he never pulled permits for any of this as last permit he had was to add a dormer and roof only.So sounds to me like we got an illegal fin attic.

Ok, here it is:My offer is 173k with 13K back at closing.Total Purchase Price $173,000Seller Concession $13,000 (roof repairs and closing costs/fees)Downpayment (15%) $25950Debt Service: $1330 per month Finance $147,000 x 9%= $1330Gross Rents: $2775 $400 (15% vacancy/rent loss)Effective Rent: $2370 Expenses $1100 (water, insurance, taxes, trash, grounds, misc.)Do I buy or pass?

3 family (brick) 5-5-3, 2bds, 2bds, 1bd--Gross $16502 family (wood frame) 5-5, 2 bds each, Gross $1150The 3 family needs roof repairs, facia, soffit.

20 Unit Brick Apartment, Pitched Roof (new x 5 years) Separate metered utilities (owner pays none)All electric central air/heatNo Vacancy, waiting list to get inDebt service: Asking 750,000 Get for 680,000680,000 at 10% down 7.75% 30yearYear:2007Scheduled Gross Income:$125,400 Vacancy: $3,000 (never know) Effective Gross Income:$122,400 Maintenance: $8,000 Taxes: $2,809 Insurance: $8,000 Management/Grounds/Misc: $18,502 Total Expenses: $37,311 Net Operating Income: $85,099 Debt Service: $53,573 Pre-Tax Cash Flow: $31,526Monthly Per Unit Cash Flow: $138.202 bed 1 bathNo.

I have been racking my brain about these questions and still cannot grasp things....For instance:1.

We built big homes ... 10k sq ft and up ... so I had the opportunity to get to do everything from basements to roofs and there was a lot of attention to detail.

It says good condition, newer roof, etc. and it was built in 1980.I agree it's better to factor in maintenence, etc.