If you sell for the same price you purchased it for and get a good deal from whatever realtor you choose your fee's and taxes are going to be ~$90-95k.

My guess is that it looks better in person.Unfortunately this is part of the risk with flipping condos.

I too am a few years from retirement.

When you push limits, be prepared for unplanned push-back from the deal or the market...

Purchase price: $135,000 Cash invested: $35,000 1375 mortgage and HOA. living there currently What made you interested in investing in this type of deal?

From a lending perspective, your numbers look reasonable.

Underwriting is going to be very important in a deal like this and using your own equity, but I wouldn't recommend using your equity as a down payment, then getting money from someone else for repairs becuase you would then be 100% leveraged.

Several good ones to choose from, and most importantly, bad ones to avoid.

Purchase price: $1,125,000 I found this mom & pop owner of a 19 unit on Lakewood's west end through a direct mailing campaign.

I should at least break even on this property, but we wanted it for personal use anyway and figured we could use it to learn on.