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.

Usually this means they've already done the dd to know what repair costs and such will be.

Are you even slightly aware of the problems many condo owners in Florida have with their Boards, with escalating dues, with (perhaps non-existant) reserve funds and repair and maintenance that needs done, not only to the building but also to the common areas, with control freaks?

Subtract the $10,000 in repairs, then another $10,000 for our assignment, and you get $29,500.