I know that there is a website that lists 203k contractors but I prefer to use recommended contractors and have them complete work on a 3 flat.

I know that there is a website that lists 203k contractors but I prefer to use recommended contractors and have them complete work on a 3 flat.

@Michelle Shriver Well it wouldn't hurt to give customer support a call and see what they can do.

I prefer crimping rather than sharkbite for a number of reasons. 

Which leads to my second point: here is a recipe for crashing and burning that everyone should be familiar with because it happened repeatedly in '08-'10. 1) Buy houses with 15% down in neighborhoods that have a lot of competition for rentals and would face downward pressure on rents in a bad economy; 2) hire property managers for about 10% of the take because the houses are more than you can handle personally, 3) make sure the cash flow is below $400 a month, and preferably right around $0; 4) have few assets in the bank or liquid; 5) wait for an economic crisis.Point being, you can be on too fast a track such that when the music stops, you have no place to sit.

Well again I prefer rents to sales price ratios when doing that quick initial math.

@Mathew Zorn Hey i am still in the process of learning about wholesaling but the whole concept is to find a good deal below market value put it under contract and find a investor preferably a cash buyer who is going to buy the house for more than what you got the seller to agree to and you as the middle man get the difference from what the seller agreed to sell for and what the investor is willing to buy it for.

I wanted to know if anyone in that area know if tenants would prefer electric or gas stove Thanks, in advance!

@Eric Hamilton another happy Morris invest customer?

So to determine if it is worth your time, look at the price difference between duplex and triplex sales in that area, preferably within the last 90 days.You will have to pull permits to convert it to a triplex, but it can be done.