The deal was that if we bought a house, he would be the CASH man, as he has plenty, and I would do all the research, and repairs and paperwork ect..He was strictly the bank, as I said, he likes the easy street.Anyway, I busted my *** for 8 months tring to find that great deal.

For example:You can not charge too much rent for a given appartment (max would be app 600,= EUR/month)You can not evict renter: renter protection is really extremeYou can not raise yearly rent by more than the inflation rate (this year 1.6%)Most mortgage's are guaranteed by a special fund in case of defaultI'm targetting on appartments with after repairs value 100.000,= EUR (give or take).

Use the HML and while doing the repairs, start working with a lender on the refinance.

We look at houses, evaluate the repairs, and make offers.

For all properties we sell we have work crews to do any repairs big or small that are needed.612 Highland AvenueTurtle Creek, PA 15145Ask: 15kValue: 60k - 70kCheck out the complete details by clicking the link below.http://listings.realbird.com/Real_Estate/Turtle_Creek/PA/C5C2C2D4/62933.aspxCall: Dan at: (845) 784-6487 or e-mail: [email protected]

I know I can write off the mortgage interest and the taxes I pay.I put some money in this house to get it liveable, so it wasn't unnessasary repairs..

. $70 monthly (IO) so as long as you can get $70 more for the larger of the two, you will be fine.Also, the larger house needs less repairs according to your figures and is newer (better resale value down the road & possible less capital expenses).In the end, it is a personal decision you must decide and above are only my observations.

I have multiple investors that would need to be pre-qualified and funded.Lending specifications required:Hard Money or Private Money to fund rehab and close70% LTV based on ARV (after repair value)Ideal time frame to close once investor is pre-qual'd = 2 weeks or less.Average ARV is 70-85KPermanent Cash-out refinance80% LTV based on ARV with cash-outI am going to show a heavy dose of pleasant skepticism.

You will need to either get a screaming deal, like 55-60% of ARV, less repair costs, or have cash from another source.

I thought about putting this in the landlording forum, but the general lesson here really is important for landlords, flippers and anyone who works with a property that will need repairs (i.e. most of us).This isn't the first time I've seen this problem though it's the first time it's impacted me directly.