Like, take that waterfront property priced low just because of an outdated kitchen or a carpet issue—easy fixes with big potential.

Most of the realtors are just sending me what is already listed, and in my price range there is about 8 of them located in not very good places in town and have been on the market long and are the large houses that have been carved into duplexes and triplexes with out dated funky heat systems and stone foundations. 

Since this is a foreclosure the gas had been disconnected in one of the units and the meter was taken from another.The other 2 units have very outdated gas units so we will be converting those units to electric.Closing is tomorrow morning.

Approach them ~80 days before the lease is up, and ask if they want to resign and at this point ask them to sign a 6 month lease to get on track with a June move out date.

But, once I was able to eliminate the non sense and the outdated, and work my way thru the pointless, I was left with excellent strategies and techniques most investors don’t know about and even less utilize.

Purchase price: $245,000 Cash invested: $50,000 This was our primary residence that we are lived in for 6 years while we fixing up and renovating. 1963 farmhouse that was outdated and loads of half a$$ work and deferred maintenance.

One additional item to consider is to buy an outdated property, rehab it and refinance it, this way you would have less cash into the deal and higher Cash on Cash Returns.

But the woman with 2 kids who had them and could afford them, who wasn't in the work force by design because her husband provided but then finds herself with outdated career skills when he walks out the door or dies.  

The building stock is like all the other Chicago urban core burbs, so expect lots of 1950's and 60's construction with galvanized pipes, flat roofs, boilers and outdated electrical.

I know there have been past posts about this, but some feel outdated and a lot of have “pm me for their contact info” … so I thought I’d start a fresh thread.