Unit 2 ( where I live ) is a small 1/1 with a massive 6 car covered car port and a nice work shop . 

I put a new roof on the house with a tenant occupied recently.

The important part is forcing enough appreciation with the rehab to cover your lending cost.

So we could cover rent if the place goes unrented for a while etc., Well if I rehab the place a little bit than the mortgage may be higher. 

If you are dealing with partners, I would highly suggest creating an LLC entity AND have it include a an operating agreement that covers who does what and how you will eventually dissolve the company/dispose of the property.Disclaimer: I am not an attorney nor do I play one on the internet.

and the house is in horror condition covered with animal fesses, dirty cloths, trash everywhere, the smell is unbearable.( i was there to talk to the neighbors, but somehow their dog broke the door and got out. got on my car wont leave.

What’s up guys I’m a newbie wholesaler locates in central jersey I am seeking an investor friendly real estate agent in NJ that covers the Somerset County area.

I talked to a structural engineer and he recommended removal of the roof and sheathing, correct or replace the trusses, and re-roof.

Knocked off $5,000 and also would plan to have the seller cover all closing costs.Repair Value: None, as this is a recently renovated property.

I’m buying a 3 bedroom 1 bath single family home... it has a new steel roof but needs windows.