Place is a 3/1.5 built in the early 1900's. has updated funace, hot water heater, 100amp panel (looks like a small bit of knob and tube was left in), new carpet downstair.Roof needs to be looked at since their was a leak (seller said it was fixed but I don't think I trust his maintnace guys), some small issues with brickwork I will be getting a estimate on later in the week. figure about $1500 for roof work and flashing fix and another $1500 for the brick work (mostly some re pointing a small area and a couple little things)Now the place needs:New kitchen(small)- tile floor (have the 18'x18' travertine that IO got for a steal), cabinets, countertop, appliances, lights ($6K)New half bath-tile floor, vanity, toilet, lights ($1500)Back stairs re done ($1K~1500)Open stairs to attic and turn in to hatchway and use floor space for closets ($1K~1500)Sub floor repair upstairs (stiffen a bit and fix 1 hole) ($750) Carpet Upstairs (700 sqft) ($1K)Upstairs Bathroom- Tile floor, Tile tub srround, build in tub since it is a corner tub now, toilet, sink, ect ($3K)Paint and some drywall/plaster repair ($4K)Fix 3'x8' second floor deck off Master BR-railing and some clean up ($500)Fence backyard and some landscaping ($3K)Misc $2Kcall it about $27K in rehab to make it nice and well in the top of the comps.I could also do less but was looking at making it shine and moving it quick.I figure I have to get into it at low 60's, Owner owns free and clear.

We went $100k over budget, however, with this general scope of work, which may give you an idea of what can be involved:Rewired much of it (4 buildings).Replumbed much of it w/ pex.Extensive roof re-sealing, tuckpointing of many chimneys and exterior brick, chimney caps, box gutter relining, etc.Several new furnaces and hot water heaters, repairs to boilers in one building, duct work cleaned out and repaired.Metal wrapping of much of the exposed wood areas on the exterior, as well as door frames.Painted exterior where needed.All new windows and exterior doors.New railing and flooring for unit balconies.All new appliances throughout.Tiled kitchens and baths throughout.Quite a bit of concrete repair work outside.And of course, all the rest of the work on the interior of the units, which were all vacant when acquired.Needless to say, it's been pretty exhausting.These older buildings are difficult to estimate accurately, and this was our first project like this.

And why would a CO detector be needed in an all-electric house (yeah, back in the day people built houses with electric heat, cooking and hot water too)?

Hi thereI am a newbie in property investment and still looking for the right property.I have some questions about property valuation price which are 1) Can i buy property above valuation price if the location is hot?

Don't you love this business, a few years ago agents begged you to make an offer on a foreclosure,,I wish I had done 1/10th of the deals I didn't do because they weren't good enough (to me at that time).Now everyone is buying, I'm seeing a house I could have picked up for $70k a few years ago, rehabbed and listed (I didn't say sold) for $140k today,,,guess what, it was probable worth more than $70k a few years ago and isn't worth $140k now, but that's the marketWe are in a hot market, you just have to play the market however it is at the time.

The home seems to be a steal, only 9 years old over 2k square foot 2 story home on 3 wooded acres in rural ohio, sweet modern floor plan, 2 car attached garage, poured foundation and full basement....full of water that has ruined the furnace and hot water heater.

A dining car with a selection of hot and cold foods, beverages, whatever.I spent almost the whole time at a table with my lap top with plenty of room and about 2" of excess space on either side of the booth, just tapping away.

Another consideration based on what you just shared, strike while the iron is hot.

Myth, don't rely on that as you need to look to state law, the intent of use, the maker's business use, property type and how regulators will slot or classify the loan.

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