Also, they are not real good in high traffic areas (entry way) or where they will get wet often (bath room)... again problems with sticking well.

I'm working with a bank that will not allow me to assign a contract on an reo but they will allow me to buy using land trust or llc.I have very little experience structuring a deal this way but:will using a land trust allow me to close with the end buyers funds?

Bathroom, I would make sure it's tile and not vinyl and have shower doors instead of shower curtains, this way you don't have to worry about water damage to your subfloor in the future.

And since we are not talking about long-term capital gains (property held less than 12 months) then rehab expenses that I would normally think of as being capitalized (like adding a new bathroom) are not really capitallized (and depreciated) because of the short-term nature of this type of transaction.

I've got a call into a realtor for a house that he's selling for $91,000. He has renter's who were the previous owners. They stuck $40k into it. The house sold for $135,000 in 2006. The renter's want to stay in th...

At some point, a new water line was ran to the bathroom (just one) thru the attic (can't do that without heat-trace).

In the past 6 months I have decided to go full time with investing, so as far as deal structuring with creative financing, I have little to no experience, --other than what I have studied over the years.Potential Deal: I posted "I Buy Houses" type signs, and just got this response tonight....

. $500k in cash, and has been pre-approved on a $750k mortgage.My question is how would a partnership of this type typically be structured as far as profit splits, etc?

But, you should get some information on what you are doing so you can know how to structure the company, any officers, partnership agreements, if any, etc.

(Ex. we paint also a bathroom sink for 70 the floor would be $130 then. 70 plus 120 are 190.