It needed new kitchen, new bathroom, paint inside and out, new kitchen, new floor coverings, new fence and small roof repair.Deal was structured as follows:$301,500 purchase price$20k downimmediate possession6 months to pay the balance$45,000 repair and closing costs$425,000 sale pricesale achieved 3mos 1 week after possession (was help up due to xmas)$78,500 net profit

Here’s my question, are there investors out there that actually buy property without having seen them physically themselves; buying without stepping foot in and walking the floors?

At 7pm on 2/29 I met them at the townhome (3br/2.5ba about $1500 a month), where we went over the townhome in detail, it needed some cleaning but the floors and the walls were good.   

I went in and repaired the property and did the following updates: - All new flooring throughout entire house- New stainless steel kitchen appliances- New Paint on both interior, exterior, and basement- Updated landscaping- Minor roof repairsThe property appraised for a little under than what I expected, but I gained a few insights from the initial BRRRR.

If you are in the middle of a rebuild and need some free help with the project (and want to share how certain repairs, flooring, plumbing, etc.. work) shoot me a line! 

Very clean, nice floor plan, newly renovated. 

I always see people talking about throw some paint on top of everything clean the floors and update the kitchen.

Rehabbed and lived in the first floor unit and rented the other two (that fully covered the escrowed mortgage payment).

- Going to be remodeling each unit (new appliances, bathroom, countertops, refinishing floors, etc)- Changing heat from gas to electric because electric is metered so tenant pays- Adding AC to each unit, which will be electric also- Improving common areas- Improving curb appeal Might build 4-6 new units because the lot is very large What was the outcome?

I have arrived at a rough estimate of 2010's cash flow by using 2010's rent and subtracting PM fees @ 10%, Vacancy (using 2018 rates with a floor of 4%), and Taxes+Insurance+CapEx reduced by 15% (to account for inflation).