Purchase price: $160,000 Cash invested: $80,000 This is a double wide trailer on pilings that involved a full gut job replacing all HVAC, electrical, plumbing, adding new headers to windows and replacing windows, replacing many interior walls, and rotten subfloor, siding repairs, new roof and all brand new bathrooms and kitchen.

Typical order is rough plumbing, electrical, etc.

I paid my way through college by apprenticing plumbing and carpentry.

From a contractors point of view .Are you re wiring, new plumbing, new roofs?

The tenant could not use his plumbing for several weeks because plumbing companies wanted $3600 to about $10,000 to repair the sewer plus several thousand dollars to replace carpets and paint. 

Purchase price: $1,800,000 Cash invested: $232,000 Sale price: $2,399,000 1275 STUART RDG LUXURY HOME FIX N FLIP - LUXURY STAGING RESIDENTIAL 12,000 SQ FT STUCCO COUNTRY CLUB SCOPE OF WORK:LL COMPLETE REMODEL - ALL FLOORING REPLACE - ALL LIGHTING REPLACE - ELECTRICAL REPAIR - PLUMBING REPAIR - INTERIOR REPAINT - ENERGY EFFICIANT APPLIANCE UPDATE - FIXTURE REPLACE - CAPINITRY UPDATE - POOL REPAIR - COMPLETE LANDSCAPE REDESIGN BEFORE REPAIR : $18,800,000 AFTER REPAIR FMV: $2,399,000PROFIT: $600,000PLEASE SEE ATTACHED APPRAISALS How did you find this deal and how did you negotiate it?

New electrical, new plumbing, new HVAC - including adding ductwork to second floor.

So on my first home I contracted out the plumbing, drywall, floor refinishing, some electrical, and exterior painting.

I helped a client last year buy a property in the suburbs.The basement was already plumbed for a sink so he just installed a stove and finished it out to make it an in-law suite.

Also whether or not the plumbing rough in is already there.In Baltimore County, Md., I'm paying about $6500 to $7000 to put a full bathroom in a basement where no rough in existed before.