I'm new at wholesaling, started to go to some meetings NJREIA, did some marketing, got some phone calls and went to see this house in a nice area in NJ, the owner had a Fire in the property its a single family that had 8 Bed, but they converted into 6 Bed after the fire, the house have 3 floor, and 3 Full and 2.5 half bathrooms.He started rebuilding it, paid a contractor, he started the work but at some point he stopped kept the money and was never seen again and didn't finish the house, so the house needs :1- new wrap around porch (it doesn't go all the way, only in he front and half side of the house).2- Finishing bathrooms ( 3 Full and 2.5 half )3- Kitchen as cabinets in place, but needs to finish fixing them to the walls.4- Finish walls in 1 bed.All electric & plumbing is done, as alarm and phone line, so basically needs finishing walls, and bathrooms, finishing kitchen and porch,My question and the help I need is + or - how much do you think it costs to fix a wrap-around porch of 500 sf, and how much do you think the rest of the work that I mention costs :)Do you think you help me doing some math so I can give a price to the owner ;)Thank You so much !

I'll be at the York REI meeting at the West York Reliance Fire Hall on November 14th.

I flipped one house and built one spec house - which had to become a rental, although it is cash flowing $200 a month.But my one comment about your post is that you said that there were buy and hold investors who had enough cash flow to retire yet they ended up going bust.I don't see how thats possible unless they had more irons in the fire than just their buy and hold.

In the mean time, that vacant house will be scrapped, vandalized and possibly set on fire by a squatter crackhead.So you have a small chance of that 5th house producing income someday, and a very large chance that the house will consume cash to maintain and require tens of thousands of dollars in rehab to undo the damage done to it.There are thousands and thousands of houses in Detroit like this 5th house.

If I determine on the phone that they can't produce the tax records I'm just going to tell them I have to pass.A person with a "normal" job could get fired too.Either this applicant has verifiable income through tax records that can meet your income requirements or they don't.

The rental market is on fire.

Hope you won't be putting out any fires in real estate :-)If I can ever help you in Indianapolis or in the industry, let me know.

I see so many people start to look for creative financing as a solution to their own problems as investors and that is a sure fire way to NOT find deals.If your offers create value for other they will get some accepted, not all, but more than the average investor you talk to about creative financing.

Hi All,I've been having difficulty getting any offers for a dwelling/fire policy for a newly leased home in Ft.

It's been difficult to find a dwelling/fire policy.