Go work a minimum wage job for the month, earn $1500, and now you're ahead by $700 by hiring professionals.- My last point is that, unless it's a BIG house (more than 2000 square feet), I'd be surprised if you can't find a paint bid for much less.

Well, the answer to that is pretty straight forward.

Anyway, my point was just that you don't have to buy properties from TK, you can absolutely buy straight from the MLS and get good deals, at least in some markets.

Came across a 2 family that needs quite a bit of work but I'm in love with the location.Here my analysis put together... would like some opinions, or advice if I'm missing somethingPurchase Price - $50kRepairs - $40kMonthly Mortgage Payment w/interest - $260Property Taxes - $290Insurance - $150Heat - $200 (currently setup to share heat off of one boiler, so would have to include heat in rent)Maintenance - $100Monthly expenses - $1,000Rental IncomeUnit 1 - $600Unit 2 - $800Monthly income - $1,400Thanks ahead of time for the advice!

The entries with asterisks beside them are required, but I go ahead and add their first name too.

But, at least I have BP to set me straight when I get distracted.

. - have flown straight through the window; and instead 'slang' that require no great effort to express one's self, has replace the standard English language.

I wanted to create something that would help them stay afloat and actually forge ahead.

A straight 10 and then nothing is probably not a good move......depends on what the use is. :)

Why don't you write up an offer with owner carry at their price for 1 year, then you can do a straight refinance into a conventional in six months, using the other units rent to help qualify.Some agents may frown upon this approach, either because they don't understand it, or are afraid they'll lose their commission, but if the house isn't selling, its time to educate them on getting creative.