With that being said, if the home is truly worth 800k, then you should access that capital and deploy it on other high quality investments that will give you a great return.

I have at least $20K that I can put towards a deal and have access to private money, but want to raise my confidence before jumping into a distant market.

I have at least $20K that I can put towards a deal and have access to private money, but want to raise my confidence before jumping into a distant market.

My biggest recommendation is upgrade to Pro so that you can get unlimited access to the calculators.

@Jason Ma my right hand was recently on a call with an out of state investor (I believe it was a guy from CA) who exploded with laughter when she told him how easy it was to evict people here.

That would be a quick and easy way to connect with investors in the Augusta area.

Is it really that simple and easy?

I do not know if it will add value, it may if it is uncommon for houses in the area to be insulated. and for $250, well worth doing, it may even help prevent any pipes from freezing in the future. as far as the electric, i do not find that price too bad, the basement will be easy for them to take care of, the 1st floor, they will have to open up the switch and outlets, tie the new wire to the knob and tube and pull the new wire up using that knob and tube wire and re install the switches and outlets, there is some labor involved and is easier with 2 workers. the lights are going to be the hardest for them to do and they may have to open some walls, i would check with the electrician on that and see if you are going to have the added cost of repair and re painting. a lot of times insurance companies will not cover you if there is knob and tube in the house and it was never disclosed to them, so it would be worth it to you for the insurance protection to have it done. over all though, it seems like a good price.

@Donnell Walker The best way is to get with a realtor or someone that has MLS access and run them for you.

Poker is SUPER easy when you are staring at the nuts hand.