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Basement conversions can be quite expensive and you may not want to be exposed for those costs when you technically don't hold title.3.

I'm looking for like minded people who would like to have a conversation about out of state investing!

An LLC/Corporation is an option, but I would definitely recommend a conversation with one of our Global Property Specialists that deal with overseas buyers on a daily basis.

Convent Conversion  901 E Evans Ave  Pueblo CO, 81004    Purchase Price100000 After Repair Value167,000 Closing Costs5000 Estimated Repair30000 Down Payment20000 Loan Info80,000 @ 5%, 2 points, 25 years    7 small 40028001 master500500Total Income 3300  Operation Expenses  Vacancy (12%)400 CapEx (10%)330 Water200 Insurance200 Repairs (10%)330 Electricity200 Garbage200 Management (10%)330 Total2190   Loan467.67   Total Expense2657.67 Total Cash Needed56,600 NOI13,368 COC ROI13.70% Final Cap Rate8% Monthly Cashflow646.33 

I would have to install an additional drive way for the house and use the old one for the conversion.

A lot of times when you hear note investors talk about deals they have done, they talk about conversations with borrowers in the first person.

You end up with even more rapport than last time, and since they're doing the talking, it's not like it's a one-sided sales call- they'll give you more ammo for the next conversation and be warmer to working with you over anyone else when they're ready.

Hey BP Family,Whenever the conversation of me getting into real estate comes up, everyone tells me to look for foreclosures but are they really the way to go?

Appliances run on propane or natural gas but not both(Some can but it is rare) Conversion kits may be available for heaters and stoves but more than likely the hot water heater would have to be replacedAs to whether you have an action against the agent and the inspector...it might be worth a call to a lawyer.