It relates to amount of inventory in the area, the quality of the specific units, and the general economic climate for that type of property and in that locale.

Repairs and maintenance done piecemeal (and often at "afterhours" overtime rates), and especially low quality repairs that you end up Re-doing in a year, will break you.Or, you take into consideration that when it was new, the property had a design life of 40-50 years, and now, most of that life is used up.

In fact your taxes have covered 210 000 € of the value of the apartment.Usually, these apartment are renovated under the highest quality materials and man work because they are historical and you can rent these apartments for a greater value than normal ones (20-25% more).

You may want to search posts by allcash, he uses this method with the majority of his projects.So is a nutshell, using your own cash is not a bad idea, it is an option that is not for everyone but it could be for you.

Hey all,Im glad to be a new member of this great community, ive been reading the forums for a few weeks and its amazing to see the tremendous amount of quality information available here!

I am currently working with sellers of quality (non-rehab, non-forclosure) homes w/ tenants and/or tenant ready...

What is the exact method that you have refined and turns out works the best?

What is the method that you use to prequalify sellers before meeting with them to negotiate a deal?

I was very impressed with the quality of people running Entrust.Consequently, I chose to use Entrust as my IRA custodian.

"Of course you flip will be of much better quality" In other words, don't try to make all the money you'll ever need on one deal.