That is a lot of repairs/improvements you are planning on making.

never take chance on used refridgeration equiptment.thanks alot for the replyvegas

TRUSTEE'S SALE OF 2061 ROYAL FERN COURT 12B TRUSTEE'S SALE OF 2061 ROYAL FERN COURT 12B Reston, VA 20191 In execution of a Deed of Trust in the original principal amount of $212,100.00, with an annual interest rate of 12.1500% from BRIAN DAVID BROWN dated August 26, 2005, recorded among the land records of the Circuit Court for the COUNTY OF FAIRFAX as Deed Book/Instrument # 17705 AT PAGE 2027, the undersigned appointed Substitute Trustee will offer for sale at public auction in the COUNTY OF FAIRFAX, on the courthouse steps at the front of the Circuit Court building for the County of Fairfax located at 4110 Chain Bridge Road, Fairfax, Virginia on January 30, 2007 at 11:30 AM, the property with improvements to wit: APARTMENT NUMBERED 2061-12B, TYPE B-R, SOUTHGATE CONDOMINIUM, AS DESCRIBED IN THAT CERTAIN MASTER DEED ESTABLISHING A HORIZONTAL PROPERTY REGIME WITH ATTACHED PLATS DESIGNATING THE RELATIVE LOCATION AND IDENTIFICATION OF EACH APARTMENT RECORDED IN DEED BOOK 3912 AT PAGE 254, AMONG THE LAND RECORDS OF FAIRFAX COUNTY, VIRGINIA, AND ANY AMENDMENTS THERETO HEREAFTER RECORDED, AS PERMITTED BY PARAGRAPH F.9 OF THE SAID MASTER DEED. and described in the above Deed of Trust.

Hey anglewings, when you get a chance check your PMs.

For example, for a 100K, 200K, 300K house what would the min cash needed to purchase and start working on it with the intention to improve and flip or improve and rent?

Our Short Term Mission consists in improving local economies, by funding feasible transactions and projects to active entrepreneurs.

Hmmm - Oddly enough (knock on wood) that is one area I have never had a problem - grass is cut - snow is shovled (where it snows) etc...do they put in Hmmm - Oddly enough (knock on wood) that is one area I have never had a problem - grass is cut - snow is shoveled (where it snows) etc...do they put in flowers and improve it - not really - but I don't have any of that in there anyway - I can say that the landscaping is really always returned in the same condition...I don't have any special language - I just have a clause that states they are responsible for the maintenance of the landscaping and it will be returned in the condition it was given and there are photos and a move-in check list........flowers and improve it - not really - but I don't have any of that in there anyway - I can say that the landscaping is really always returned in the same condition...I don't have any special language - I just have a clause that states they are responsible for the maintance of the landscaping and it will be reutrned in the condition it was given and there are photos........

You're going to get a lot of people telling you how to go about working in this business, but if you really want the best chance at success than I would stress to learn as much as you can BEFORE commiting your money to a particular deal.

u say you're new to it, but you own a duplex already...combined with your previous experiences - you're probably a lot more ahead of the game than you think.the 20% cash on cash return combined with the 90% LTV and out of state rentals you're considering - the chances for the 20% return will be very tough.let us know how it comes along.as far as places - i don't see anyone jumping up to shout a place to invest in - it depends on what you're looking for.i have a friend who's nuts over Rochester New York.

There is the Sales Comparison Approach which is based on similar recent sales, the Cost Approach which is based on a value of the land and the cost to replace the existing improvements minus depreciation, and the Income Approach which is based on market rents and a Gross Rent Multiplier which is detemined through market research.Your other statement that banks will appraise the property right around the sale price even if the price is 200 and it's worth 500 is really disturbing.