Reminds me of the movie, "Brewster's Millions" where he has to spend $30,000,000 in thirty days and have nothing to show for it.

They want to earn your business and will spend time on the phone with you.

Depending on your market area and cash reserves private funding may be your best bet overall to extend your reach.

Also, spend some time to make a great ad as it's your first screening tool for tenants.I find newspaper ads too costly and it's difficult to make your property stand out in so few words.

I spend a lot of time sorting and analyzing my farm data in order to target motivated sellers.

Hi Kristin,It really depends on what the after repair value of the house is if you intend to wholesale the deal.A typical formula (some adjustments are made for market strength or location) is that a cash buyer is going to want to spend no more than 70% of ARV minus the fix up costs.

I would think you'd be spending a lot of time on that project or would have to pay somebody to do it for you, both of which make it somewhat less appealing, but not necessarily a deal breaker...

I willing to spend it.

I'll have to spend most of the profit within 6 months to do the 1031 exchange.As I said earlier in this thread, no one will lend me money since i own 2 places.

So, it seems worth it to spend 7-12 more for 20-40k in extra value.