All Forum Posts by: Travis Lee

Hey guys I recently purchased my first investment property at a foreclosure auction. To say the property is disgusting would be an understatement.  The home is structurally sound and approximately 800 square feet 2 Bed/ 1 Bath. The home has linoleum through out the house. The home will have to be treated for bugs and deodorized. The flooring throughout the house, appliances, and cabinets will have to be removed. The air ducts also need to be cleaned out. 

My question for those of you who have had a nasty cleanup situation before either from a purchase or tenant that left the property is how much would typically be charged for the services mentioned above? 

Thanks in advance!

Hey guys I've been on longtime lurker on the bigger pockets forum and finally decided to jump into real estate investing. I have begun searching for properties and analyzing deals. When analyzing these deals what kind of cash on cash return should I be expecting? Is the COC Return the main metric I should be focused on when running the numbers? Thanks in advance!