I'm looking for feedback from other active investors who want to use leverage to buy real estate, but do not qualify for conventional financing. Recently, I have been bombarded with opportunities to buy properties wi...

Definitely new carpet and vinyl throughout as well as paint.

New siding, windows, paint, carpet, kitchens, baths, doors, trim, etc.

And if they sell it, they have to pay $30K right off the top.Yep, there are intangibles like being able to pound a nail in a wall or paint a room purple without worrying about your security deposit.

Eventually, the t/b might choose to buy.

the tenants at one house moved out a few weeks ago. they were there just one year and moved in after the house was freshly painted and re-carpeted.anyway. there were fingerprints and smudges on the walls all over the house and even areas that you'd have to try to leave a fingerprint. nothing that a new coat of paint can't cover, but the whole house needed to be re-painted.regarding the carpet, there are dog pee stains and large furniture impressions. they tried to steam all stains out and even used spray chemicals to remove them. it does not smell, but the stains are there.would you charge them or keep a portion of the s. deposit for something like this?

This is not a game for most borrowers and I appreciate how hard they work.I also expect, and encourage, all experienced borrowers to maintain a stable of lenders they can pick and choose from as their properties fit.

-economic vacancy rates (real vacancy + non-collectable rent and related income) -turnover costs between tenants (normal ware and tear costs painting, carpet cleaning etc.)I would also echo time tends to be under estimated and very costly.This post is only my personal opinion.

For example, replacing the roof and HVAC every 20 years, replacing the hot water heater every 8-10 years, etc.Also, you're ignoring the turnover costs you'll face when tenants leave (painting, replacing worn flooring, etc).

Our first and only flip: we bought a foreclosure, closed on a Tuesday, on Friday a lady knocked on the door while we were painting (we put a FSBO sign in the yard day of closing), said her moving van is on the way from out of state, her house purchase fell through, she'll pay all cash and could we have it finished and closed by the next Friday?