The house is going to be in tip top shape for a 20 year old house (new HVAC, paint, appliances, etc.....).If I cant sell the property in 2 months I was going to list it with a realtor.

Flipper, you paint with a wide brush stroke.

And now, I have to pay thousands for a sump pump installation, mold remediation, and re-installation of drywall, prime & paint.

One is a 3bd. 2 ba. 1055 sq. ft.built in 1921, completely remodeled 8 mo.ago, new roof, vinyl siding and windows, hot water tank, kitchen, bath. carpets, paint, etc.currently leased for $650.00 mo. price 35,000 tax appraisal 23,000.

Unfortunately I can't give you any statistics or anything on this type of marketing because it's not something that I've honed in on for very long - but a few tips!

Floors, Drywall repair, Paint and the rest of the basics aren't a ton as far as im concerned, the foundation and brick show no signs of weakness.

All the other houses are within 100sqft of this one.It needs paint, new appliances (low end stainless) in the kitchen, a tile counter top (diy) and to have the hardwoods refinished (diy also).I put a conservative estimate of $10,000 into repair/renos and the current list price is $112,900.

I am a new REI and we're just starting out with my friends. We're looking for ways and educating ourselves on how to be successful in this business. So to all of you guys out there, any help will be greatly appreciate...

I have enjoyed learning the trends and tipping point of the RE cycles.

Loan/pro forma looked like this - purchse price on prop 135,000.0025% equity + closing costs (in money) +/- 35,000repairs loan = 55,000 (vandals got the pipes and it needed a few things)repairs costs = +/- 25,000 (balance to me as pay for management and painting and other little stuff)current monthly payment is about $750 per mo interest only until the 2 mortgages roll into one in Oct '09.