New roof and a company is coming in to install a radon mitigation system so the basement is getting a vapor barrier installed all before I even close on the house. other than that we are looking at about a 50k rehab, ARV is at 90k. 

Zillow shows that we have about 500% more views than all the other houses but that might just be because we are the only ones that took professional photos.

Sada, the Security Deposit is to be used to restore the home to it's original move in condition, minus normal wear and tear.

We are looking at an entire row of houses, 5 total, that would be made into student rentals. 

Its payed for (with our savings) and we are still waiting to have the remodel completed and to get lit eased, the estimate for the lease given to us was $700 to $850.

That is what we are in the process of doing, bring in a 3rd appraiser and/or disputing the first 2.

The asking price for the home is 132k.OPTION 1 – Cash After Repair Value = $132,000 (estimate)Discount 80% of ARV = $ -26,400Repairs (Price per square foot) 1,190 x $5 = $ - 5,950Cash Price (seller pays closing cost) = $99,650OPTION 2 – Sandwich Lease Option – “Perfect Tenant Program” Term: Minimum 5 yearsOption Price (buyer pays closing cost): 125,500Option Consideration (non-refundable fee we pay you): + $500Monthly Rent: $950 (profit + $100 cash flow per month)Total profit (If completed full term): $132,000Note: We are the tenant-buyer, but we will sub-lease the house to another tenant-buyer.

We are also on Meetup and you can join our email list at BlackDiamondREI.com 

We are looking to crow fund an investment opportunity in Niagara Falls, Ontario. 

We are in the process of closing a cash deal for a property with a bit of a unique secondary out.