I think sooner or later there will be an over abundant supply which will lead to vacancies in the lower end units.

. $2.5k for bathroom, $4k for interior and exterior paint, $1k in drywall, $1k electrical supplies and fixtures, $500 in plumbing, $750 in landscape.

plus if you hold back at least 20K of your money you have now, you can use it to buy supplies in the new fixer upper.An additional piece of advice, find out what your tax will be on the flip and set it aside now.

This includes Accountant for Tax return, Office Supplies etc.

I'm sure there will be no longer-term consequences to this unprecedented expansion of money supply and extended low-rate period, while asset prices reach new highs in many areas of the economy.

Hello all:

I have a question that is giving me quite a bit of difficulty. I figured that this would be a good last stop before paying for a real estate attorney consultation.

My wife's parents are buyin...

On the contrary, I'd consider them an asset to the property since they provide ample shade to the home and yard.

I don't know that we have many here who know the legalities of how to run one, particularly in Cali, but we can drum up an endless supply of complaints about how they are run......but they're mostly just moaning, groaning and complaining....so just ignore 'em.Are you encouraged YET?

I intend to make all of the properties that I acquire in this area available to HUD tenants as I know the demand for housing is high and supply is limited.

Those are harder to find these days versus 3 to 5 years ago due to supply and demand. 3 to 5 years ago there was inventory but not many players.