Subtract the $10,000 in repairs, then another $10,000 for our assignment, and you get $29,500.

I read the lease with calm in my house and there was even a clause that states that I need to wait 15 days to something be repair.

I always using the home inspection contingency clause and luckily have only had to use it to opt out of a contract once, when a seller would not make the necessary repairs or reduce the price.

The rule of thumb is that to make a profit, you must buy a property at 70% of ARV, less the costs of repairs.

The city actually requires you to have inspectors come in and approve the property - because it has been vacant for 3 years and now lost it's Certificate of Occupancy - I have an idea of what it is going to take, but from the windows to the walls to the fixtures, switches, plumbing - the works needs to be repaired and I need to do the labor to cut back on labor cost.

But when you purchase a really cheap house you have to take into account that there will probably be more things to repair and replace - potentially costing you more in unexpected costs.

any time I have rented( very few) I have had a hard time getting any DD deposit back as the landlord needs to repair this or clean that, even when I was a resident manager of an ampartment building, they held money back when I moved out as the stove wasn't clean enough.

Say she does owe 90,000 and it also needs some repair.

Before signing up with a credit repair company, make sure to check if they are a member of NACSO.

Nothing serious, paint, a tiny bit of sheetrock repair and some light fixture updates on the older one.Anyone have a feel for how much off their asking price they'll entertain withouth laughing at my offer?