BP is like a gold mine of information.

The house needed a new kitchen and mechanicals but we ended up putting 70k in (mostly personal choices not really geared at adding value) so we completed it in September and we all in for $395k - well we got the appraisal back today for $575k and are ecstatic.

With this approach it is very important to set a before rehab price that leaves room for added value.

Life has enough surprises without adding more on what you thing is a great dealBest of luck

As of July 1st the Bahamas is adding a new VAT which I believe will increase the price of things 15%.

I added another 15% for repairs to the final estimate.BTW, I used your book as a guide for the inspection and estimated repairs :)But I understand your sentiment, and one can put as much as they'd like into a home.

I'm getting a lot of hits on my website from craigslist ads, no deals yet but hits are better than nothing.

I believe it is 1.5% of mortgage amount initially (added to loan), and .5% of the amount loaned per year.

Do added stress and extra repairs make it not worth the time and money?

@Jeff Bridges we have the full ledger for the last 7 years from the attorney handling the collections so I know how much interest and fees they have added on