It was a foreclosure that had been recently renovated in 2013/14 with a new roof and mostly required cosmetic updates.

Updated Roof, Siding, etc and this thing will sell quickly in this desirable area.

Purchase price: $408,000 Cash invested: $12,000 Sale price: $479,000 Bought property to update cosmetically.

Kitchen update, new roof, adding bedroom Lessons learned?

He told me that as long as this is handled in small claims court, his one flat fee will cover it.That is the update for now.

Defiantly referencing that for mine when I update it!

House is in ok shape but looking to update then refi in 6 months.  

Quick #’s- Lot 200k- Build Cost 350k (lots of sweat equity)- All in 550k- ARV 725k- Rent $4100Option 1 - Leave your DP inCF $1,100Cash on Cash ROI - 8%Option 2 - Refinance Take out all your cash and get extra 35kCF $450Two pretty great options.... we start construction on our first two in April... stay tuned for updates... if you want in on the next ones let us know, we may be looking for JVs to keep it going...

I updated the spreadsheet just now that increased the above ground buildable area to 10K sq ft per comment from architect and the CoC return is now less than 3%.

You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.