Few issues with that is from the day you find to the day it is boarded is a month, and the likelihood of getting a borrower on the phone never mind paying on day one is not very common.

My opinion is, even if it costs a little more money, just make the call and get the repairs done.

Lets look at some exit strategies to determine how much capital you needIf you are wholesaling:  Costs: Marketing (rather small)If you are a buy and hold: Costs: Downpayment (can be hefty)If you are a flipper:  Costs:  High (downpayment and repairs)There are ways around it. 

Here are the numbers:Appraised Value $80,000.00Loan Amount: $60,000.00Monthly P&I: $490.25Interest Rate: 5.5%Amortized Over: 15 yearsVacancy $43.75 (5%) Repairs $87.50 (10%)Insurance $61.25 (7%) Management $61.25 (7%)P&I $490.25 (56%) Property Taxes $61.25 (7%)Total $813.75 (93%)Thanks,JT

We are purchasing the property and making the repairs with a hard money lender, so all cash.

Hi,  I'm looking at a HUD home DUPLEX that needs alot of work.  Realtor says that it must be a cash deal.  I don't have all the cash they want, so are my only options a private lender?  Would they consider a Hard Mone...

I have a house under contract that has an after repair value (ARV) of $44,000 and I got it under contract for $25,000.

I have a property that needs some repairs and want to make sure I go about this the right way.

Also take detailed notes on any repairs that were made to resolve trip hazards etc. 

We've gone almost 20 years with a tenant managing collections/repairs yet she is no longer with us and is irreplaceable.