I spent about $16K but did a new heater and hot water heater, and paid for plumbing and electrical labor.Buy price $60KClosing costs $1500Insurance $1000Rehab $14,000Utilities $500 (hopefully high)Sales closing costs $10,000 (assumes 2% for concessions and using a realtor to sell)Net profit $13,000Opportunity cost (5% on $75K for six months) $1750.

We have a 6 unit on well and the inspector said the large pressure tank is probably what's contributing to the well being sufficient but if we add washers we should consider a new well.Also think about something like a specific no pools/hot tubs in the lease (may not even come up but you could get someone filling one of those 2 footer pools for their kids and not even thinking about water).

I'm assuming it's heating oil due to the above ground oil tanks at the other end of the basement.In any event I need to get the spill up before removing anything else out of the basement like the hot water heater and old galvanized plumbing.

If I think I can make $35K in a hot market with only a cosmetic rehab, I work the real numbers.

Freezer must be defrosted and cleaned.Stove:Remove racks and broiler pan, soak in hot water to clean, dry well.

Most of the areas that these companies work you would not consider high end markets or hot markets like Austin, Vegas or Phoenix but predominately rental markets like St.

I am asking since there are two properties I am pursing that is in the “hot” belair Edison here in Baltimore.

We've always had nice slow and steady residential market here but this year it has gotten quite quite batty.I am selling a house in a hot neighborhood and am puzzled about what price to ask as I don't have any MLS comps.

The empty supermarket by us would make a great roller ink or my other idea would be an indoor dog park (TX is HOT in the summer), but the reality is, that I wouldn't necessarily want to run either of those businesses.

Even if the property improves you are still trying to catch up with a break even value because you paid too much for seller finance.The market cycle today is too hot for sellers to want to finance the whole deal and banks will not touch you for that.