I've been investing in RE for well over a year now, and have had 2 properties that I've been relatively succuessful, a SFD property bought as a REO , repaired cheaply and increased equity by 40% and a 6 unit apartment complex that is now cashflowing and has increased by about 400% in equity.We will be finalizing some credit account the comming week to secure enough money to start buying atleast one property per month to add to our portfolio.Our goal is to buy properties in decent neighborhood at no less than 35% ARV , rehab and then lease-option or other type of seller financing/RTO deal.

I am finally in a position to prepare to list my rental, the repair work is about done, then the cleanup.

If your husband is the sole person benefiting from the reduce tax liability I would think that it would be best for his company to incur the costs for the repairs.

The bad news is I took a $52,000 loan out from a friend for the down and repairs that was on a 6 mo.

Can I hold them liable for the repairs.

Example is huge repairs, bad neighborhood, huge decline in market value.See if you can meet some buyers that might be interested, and negotiate the short for them if you have the expertise.

ask and ye shall receive ) My bid at 45% of ARV ( minor repairs of fresh paint and clean carpets ) was approved...

Here are the details:The Asking price is $229,900Taxes are $6595.00Apt 1 - Lr, Eik, 2 Br, Fbth (Average Rent - $1200 - $1400)Apt 2 - Lr, Eik, Br, Fbth (Average Rent - $700 - $900)Bank wants buyer to pay transfer tax.I have no estimate on repair costs since I haven't actually seen it or had an inspection.

You should be able to find a HML who will go 60% of ARV (after repaired value), maybe a little higher.

Hello all,I normally do single fam, so I wanted a quick hand with numbers on a deal I'm considering.Location and repairs aside, strictly by numbers, what do you guys make of this deal:Single house, 3 fam:- 2 bed/1 bath- 2 bed/1 bath- 2 bed/1 bath- 2 car garage- separate metersTotal rent is $2,500.Monthly taxes are $320What would be a good estimate for monthly expenses (50% rule??)