New flooring throughout, new appliances, fresh paint, new/refinished drywall, new bathroom vanities, new interior doors, new garage door, new ridge vent, painted kitchen cabinets.

New flooring throughout, new appliances, fresh paint, new/refinished drywall, new bathroom vanities, new interior doors, new garage door, new ridge vent, painted kitchen cabinets.

This property had a great location but desperately need to be updated to modern expectations.

In terms of refinancing, would it be better to remodel the basement to turn into an additional living area or a garage? 

Purchase price: $170,000 Cash invested: $170,000 2bd 2bth 2 car garage 13sq ft townhome rents for $1500-1600-$150 taxes-$200 HOA-$100 Maintenance What made you interested in investing in this type of deal?

Purchase price: $125,000 Cash invested: $125,000 2bd 2bth 1 car garage 1100sq ft Rents for $1200 a month-100 property taxes-180 HOA-100 Maintenance How did you find this deal and how did you negotiate it?

Purchase price: $120,000 Cash invested: $120,000 3bd 2bth 2 car garage 1400sq ftRents for $1400-150 Taxes-180 HOA-100 Maintenance What made you interested in investing in this type of deal?

My plan to start is to form an LLC and to find a residential property, 1500sqft, 2 car garage, decent neighborhood with good schools, low maintenance (newer roof, hvac, water heater etc,), for around 150k and use the 30k I would have as the down payment and then continue to reinvest profits and extra 15-20k annually against the note setting aside the money for taxes, maintenance, and HOA fees.

Probably, and it would probably even be pretty extreme.We've never been in this situation in modern history, with extreme levels of debt and low rates, so nobody really knows how it's going to end.

The 3rd BR is actually a converted garage.