My question is how do I figure out the "After Repaired Value" of a piece of property?

.)* How much value is in the collateral which you've stated is around 40-50k after repairs.* What is the general credit worthiness of the payor?

I too require that my tenant prospects receive prompt return calls and asap showings.

Deals with at least 25% equity after repairs or a little less equity, but cashflow well positive?

After 40 years, the advice he gave to me was to buy distressed single family houses, repair them, tenant them and manage them.

Most of these require you to front the money for the repairs then get a draw.

But I still need to get lump sums of cash coming in to cover operating expenses, repair costs, overhead etc.. and the best way to get these lump sums is through quick flips, assignments, back to back closings etc...

My plan would be to get hard money loans for the property and use Lowe's account and credit cards to fund the repair cost.

I guess it depends on the area, but every REO in my area that has been vacant more then a month, which all have been because the banks move so slow, needs major repairs after the copper collectors have paid a visit.

I have a motivated seller who is looking to relocate; wants to sell her place for 75K --no repairs are needed and it's move in ready and the value is right at $111K.