looked at property today that was described in my previous thread...terrible, crooked floors...no hardwood...no parking...needs more than a clean up...actually looked a 3 today...and found another more expensive 270K asking price 3 decker...this one is move in condition in B maybe B+ shape...my cash flow estimates are around 1700 for this property...has everything that i need for investment (deleaded, parking, 2 car garage, 3 bedrooms, good n'hood)...this one sold 2 yrs ago for 480K (unreal)and my location is boston...the city is north of boston

I have let one tenant paint and it was only because she is a professional painter and she showed me the color she wanted to paint the room before painting it.I went in to see her work about a week after she moved in and saw a caulk gun laying on the floor and I thought I left my caulk gun in her apartment, then I realized my caulk gun is orange and the one on the floor was yellow.

Think about tiling a floor, hanging sheetrock etc.

Please chime in if I need to tweak it.This 2bd, 1.75 bath, 1389 sf house is a Foreclosure on the market at: $203,900I guessed a lower ARV for market cushioning $250,000 (but similars are comping at $300K+)The house could use$6000 Kitchen $4000 Dual Pane Windows$1000 Bathroom suites $1000 New Front Porch$1800 New paint in and out$1500 Landscaping$1700 Carpeting $500 Wood Flooring$16,500 TotalSo 250K * 65% = $162,500 - $16,500 (repairs ) = $146,000 Max Price (because I'm on a budget)250K * 70% = $175,000 - $16,500 (repairs) = $158,500 Max PriceI figure I should start at the bottom and negotiate up to the 70% figure.

There is a roof garden on the second floor behind the apartment...I have a landscape designer to build and maintain that for readings and events!

I have made the decision to attempt to buy 1 multifamily cashflow property per year for four years and trade up to a place I can afford to live in Astoria (or Sunnyside, LIC, Woodside).I plan to use my NYC compensation from my career as a film/tv technician to buy in markets where my money will go a lot further, while continuing to rent in my relatively cheap 5th floor walk up.

All work done by me.Also thinking about installing a half bath in the cellar, have to bust up the floor & waste line anyway.

@Rick Baggenstoss Water saving fixtures, energy efficient windows and appliances, flooring@Tanya F. just what I wanted to know- thank you

My husband says that it is not possible to add a dishwasher if we don't move the washing machine (which will require jack-hammering up the cement floor and moving plumbing and all that -- we have a plumber friend who will help, but the cost and time involved will still be great) It might be worth mentioning that the college has said it was considering housing adjunct professors or married students there.QUESTIONS:Will the college expect to have dishwashers?

A house with an ARV of 80K that needs nothing more than carpet/flooring and paint and is about 1300 ft^2, and let's say it's listed for 70K.