As Gareth said, learning how to run the numbers accurately is also of utmost importance, especially when it comes to marketing the property to your buyers -- they will not go for the deal if the spread is not wide enough.I wrote a few biggerpockets posts on how to run comps, estimate rehab costs, and find motivated sellers and off-market properties, they are all here: https://www.biggerpockets.com/blogs/8814-investing-with-rei-kitI feel that the most important information is how to run comps, as without that you are at the mercy of what the seller says their house is worth and have no baseline for where to start negotiations: https://www.biggerpockets.com/blogs/8814/68395-how-to-find-real-estate-comps-and-calculate-after-repair-valueYou should start creating a buyers list right away, as getting a property under contract and running out of time to find a buyer is a real possibility.

So, if the house needs major repairs (new roof, new pool) does this already show up in the appraisal value?

Make the necessary repairs, etc. get the place rented and move on with life.

Complaints prompted the name change to the Residential Tenancy Act without changing any of the content.

I am trying to understand the numbers a bit better and I do better by plugging in formulas and seeing the numbers change.I am especially interested in: -the layout of your pro forma-the percentage you estimate in vacancy, repair/maint., cap ex, misc-rough estimate for utilities etcI know every market is different but thats why I am asking.

In a competitive market, building a relationship and hearing out the sellers needs is the difference between getting the deal and not.About the Properties Two of the three homes purchased will have minor repairs and updates before being listed for sale on the MLS.

Good AfternoonLet me first start by saying im a first time investor and have begin dipping my feet in to the investment world, I purchased a property near a college that the numbers seem to work and would make a good student rental, I thought that purchasing the home with cash and free and clear would be a good option and to work the refinance for the repairs and upgrade to the home, its not going to take much but there in lies the rub!

When doing seller financing, is the buyer responsible for repairs?

When doing seller financing, is the buyer responsible for repairs?

I’ve been told to ignore the 1% rule, but I’m sticking with it because it makes zero sense  to me to buy something that a) won’t cash flow well and b) is 30 years old and requires conservative repair and capex estimates.