3 bedroom 2 bathroom split level single family homeWood floors, carpet in bedrooms, Fenced in backyard with pool, corner lot in established neighborhood.Repairs: Carpet cleaning, possible touch up paint, replace 5 to 6 windows, clean and drain pool, replace fence or just repair broken areas of it We are thinking 5k to 7k in repairsZestimate: $123,500Eppraisal: $111, 546ARV: $100,000 (us being modest, distressed homes in the area sold for $70k to 80k)Our Purchase Price: $50,000Asking Price: $65,000 (leaving room for negotiation of course)Is this something you as an investor would buy?

For example i have been told that a bedroom has to have a closet otherwise it is not classified as a bedroom. also that certain bathrooms are palatial.

Hi all, Here's a 3/2 wood frame on 1.75 acres.ARV 95000- 30% 28500equals 66500 less repairs -27500equals 39000less b/h/s -5850equals 33150 less profit -3000equals 30150 MAOI figured repairs based on 5k method (a/c 5k, kitchen 5k, windows 2.5k, interior repair,doors, and paint 5k, bathrooms 5k, and landscape and exterior paint 5k)House needs a lot of work.

No more cleaning, painting, changing carpet, tile, patching walls, replacing kicked in bathroom doors, etc.

If we did that there would be no one to clean bathrooms and pick up trash.

Recent REO listing 98 DOM description as follows: Great Bank Owned Home in West Valley Pines. 5 Bedrooms, 4 Bathrooms, vaulted ceilings, mature fruit trees.

In the upstairs bedroom I am planning on adding a master bathroom and finishing the drywall and electrical.

The mold issue was because of an exhaust fan from bath room venting into the attic and casued some mold.

You have to determine what the best use of your time is and figure out what is worth paying to have done for you and what you should be doing yourself.For example, I recently spent about $80 to have a handyman replace the fan motor in the bathroom of our rental condo.

if not, i'll go ahead....i caulk the heck outta everything...and while i'm on the subject, some of my apartments have bathrooms upstairs, and i silicone the heck outta those too!