Repaired and updated it’s probably worth about $60000 - $65,000.

Order repairs as directed by the licensee;14.

Because it was new, I didn't worry about repairs and maintenance for a few years, and my management co. took care of what was needed.

I used my HELOC on my primary residence to pay cash for the property and 0% credit cards to finance the repairs (13K).

Especially, I LOVE Toshiba customer service and repair on warranty.

When we came back home, he couldn't stop talking about the house and all the repairs.

Max at 70% of the After Repair Value MINUS repairs.

many mortgage bankers follow specific guidelines in order to sell their notes, like right away.if you decide to use Hard Money - you'll have much more flexibility in terms of being able to put less down, invest in different types of properties and present your investment strategy, rather than just the property itself.what i'm saying here is, if you buy a house and use Wells Fargo - they're not going to be concerned with something like the ARV (after repair value), whereas a HML might loan you money based on that - which grealy enhances your investment options.i know that doesn't make sense right now, but with a little research - you can come to understand the old saying:there's more than one way to skin a cat...being new, just be very cautious what you get yourself involved with.

Are they typically responsible for all repairs as well.Any information would be great.Thanks!

I was looking at a property in a very desireable neighborhood in my town, I can get the house for 60k and the owner will hold 50k of the mortgage, there is however around 35k of work that needs to be done in the home--when done the home should apraise at around 150---here is my dilema, this can be a good flip, however this area is rapidly apreciating and I can get around 800 a month positive cash flow by renting---how can I get a loan for the down payment/closing and repairs?