.- new electrical box and run a new line from the house to the street- installed new vinyl windows throughout the house- installed two new interior doors and 1 exterior door- had some minimal plumbing work doneWhat made you interested in investing in this type of deal?

Now since you've got that other loan out, you need to see how much money you have left in it, but it should be enough to take care of one more purchase.Just make sure you run your numbers (alot more than just Rent minus mortgage) and you'll be set.Also, I haven't bothered to mess with my TSP so i don't know the rules and regulations with it, but see if you can use that money to invest.

After running comps, we could see that the property value was no more than what he owed the bank.

i know i can call and get quotes but they run soft hits on your credit for each one so i'm not looking to have tons of hits on my credit. 

You could always run your own comparables on homes in the area that have sold near buy or are for sale.

He runs a good meetup there.Tapan

I was in the exact same boat about 1.5 years ago Justin.The properties that I buy are Very inexpensive, so this strategy wouldn’t be as effective on properties sat over 100k...Basically, my first 2 deals were home runs, meaning after the renovations we more than doubled our inItIal Imveatment.Purcjase prIce on house 1 was 24k, +6k In remIbatIons whIch I funded wIth cash. we refIed that one for 70k whIch resulted In mt InItIal onbeatment comong back plus an extra 30k or so.

Your margins are slim as the numbers run tight. 

I figure its the way things are moving tech wise and the ROI pencils out for something that can basically run in the background of my other efforts.

Being a Pro member gives you access to this but you should always run anything by an attorney to be safe.