Actually, I do, I have kept part of the upfront money to pay for replacing the end buyer should they exit, clean up as needed, and cost to eviction if needed.

I don't think my "sloppy" dress has hurt my business much, but I think I could stand to clean up a little.One of the benefits of being a real estate investor is not having to dress up in a monkey suit every day.

Oh, and we also do a little touch-up and cleaning while we are there, and make a very thorough examination of the place to see what might need replacing in the near future.

After that it only gets easier.

Once you've done that it will make it much easier to figure out what to do with your theoretical or real windfall.

this is a 2 family house with big rooms, the only downside that the house is 77 years old, and the rooms are basically next to each other (to get to the 2nd bedroom you need to walkinto the first bedroom) but it was kept up well, cosmetically. 2 heating systems are installed, new roof, comps are great, highly traffic areaowner did a lot of renovating, by creating rooms and expanding and cleaning the atticbackyard, but never used or maitanined - attic was turned into a 2 bedroom - which I might be able to include with the upstairs unit if prefreabble. what other things do you need to determine if this is a great deal or not?

It is easier to find the links on the new layout Josh.

since lenders don't like too many loans with an investor, and since i plan on buying several hundred over the next few years, i thought it might be easier to go private.i would buy with cash and rehab. afterwards i would refi to pull out investment and some profit, not going over 80%LTV, with new 1st. explain to lien holder that i would be selling doing a wrap to create cash flow. be up front with them.just wondering if this is plausible. i would love to get opinions or any other ideas for accomplishing this.jim

I like to tell them that if they clean up the place I will give them $500 upon inspection to avoid having to evict and pay a cleaning crew.

The tenant left the place clean but it wasn't clean enough and i needed to hire someone to do the final touch ups like windows and bathrooms, and kitchen.