If you can do the job of some of the subcontractors for lower price, better quality and in less time, then do it.

Hi, As a landlords, do we have to  fix their doors immediately or  we still  have 24 hrs time to come and make this repair? 

Could anyone point me to some resources that can help wholesalers estimate repairs for a property?

We are trying to figure out how to finance the mortgage plus 70k or so in repairs.

Have your money ready, your lenders lined up, your LLC formed and your accountant and attorney all on the same page.Make sure your first deal is super solid and pick quality and low risk especially for the first deal. remember this is a marathon and not a sprint.

However, if I had that kind of cash right now I would find a few top quality syndicators and invest some portion of my cash in each of the syndicators.

I was super excited when it was only at like $16k a few hours before the auction ended, but by 7am it sold for just shy of $100k - piece of land with similar qualities sold for more than 3 times that earlier this month, so still don't think the winner got a bad deal I just don't have that budget.I couldn't bring myself to pay several hundred for a piece of land I couldn't even legally build anything on.I have a feeling other counties farther from Boise and perhaps without the online auctions may have better deals.Still, it was a really good learning experience.

With the arv being $90,000 it would be over most lenders after repair value.Even if they did 70% arv based on $90,000 the max they could loan is $63,000.So you would need to put down 15% to 20% of loan to cost.I’m not sure if you used BiggerPockets calculator or used another program but how much profit you would have after putting down 20%?

Hey @Frankly Franco ,You'll need Closing Costs, so add $3,000Unless the house is brand new, you'll need repair costs.

But they also seem like quality tenants and they’re going to be here 4 years because of their job.