You can change the carpet then lay down some plastic runners leading from room to room.

In short, for accounting purposes a property on the books for a bank reads as if it were money in the vault, the amount commiserate to the original mortgage value.

I get about 15-30 properties a week from them and usually they are good leads.

Not sure how the value is established for that purpose.

Andre you have to watch out with that.Tenants can pay partial rent and say you took the money and agreed to a workout with them rather than evicting.I have my property manager go around and if they want to pay a partial he calls me and I ask for check stubs and other data to verify what they are saying is true (hours got cut,boss hasn't given check yet,boss gave bad check for paycheck etc.).Then I can make the decision on what the workout will be if any.If I let them just put deposits in my account or pay partials online that can lead to a big mess.CONTROL is key.If you give control to the tenants some might do right but many won't and they will take advantage.

Eldred•Lead, Sell or Get Out of the Way•Make it Big – Frank McKinney•Maverick Real Estate Investing – Steve Bergsman•Millionaire Real Estate Investor – Gary Keller•Rework•Strengths Finder 2.0•The Alchemist – Paulo Coelho•The Art of the Deal – Donald Trump•The Big Book of Real Estate – Robert Kyosaki•The Go Giver•Think & Grow Rich – Napolean Hill•Landlording: A Handymanual for Scrupulous Landlords and Landladies Who Do It Themselves – Leigh Robinson•What Every Real Estate Investor needs to Know about Cash Flow – Frank Gallinelli•The Pre-Foreclosure Property Investor’s Kit: How to Make Money Buying Distressed Real Estate – Before Public Auction – Thomas J.

I used to worry about things like this before too, but never fell victim to a person posing as an interested tenant lead.

Glenn I forgot to mention that being built in 1955 you most likely will have issues with lead abatement with the new EPA certified rules which will increase your rehab cost.I don't know why everyone gets worked up on a house being close to a commercial property or highway.The value of the land the house sits on is often worth way more for development than the value of the house that sits on it.You can still have someone pay you to haul off the house or gut it for parts and make some money that way.I love land next to commercial and know exactly who to market it to an dhow to sell it.Now if you are in a big subdivision with track homes on small lots that backs up to a junkie commercial business that is another story.The reality is you are probably not going to assemble all the homes for a commercial project because the front piece is the most valuable and everyone will want to much for their house making the project total cost unfeasable.

The property was last inhabited by people who were getting kicked out, and sometimes people in that situation will purposefully do damage to the property (or at least have disregard for upkeep);2.

.- New sub floors in Kitchens where needed , and then Linoleum floors in kitchen- Total Cleanout 3-4 Roll Off Dumpsters for left behind junk- Linoleum in pantry 4x8- 2 Bathrooms - Needs new linoleum and 1 needs Sub floor- Bathroom walls - rip off old plastic tile in one and make drywall and paint - Ba 2 Needs Rip off wall paper and skim and paint2 - Living room Kitchen & (2) Dining Room and 3 (6)Bed rooms Refinish Hardwood floors on ea floor so x22- Living rooms, kitchen and dining rooms, remove wall paper and skim coat, and paint all walls and ceilings2 - Living Rooms and windows remove all trim and replace with new and paint ( lead Paint )2 - Repair Bathroom Ceilings and Pantry Ceilings and then paint6 Bedrooms Fix Drywall, paint walls and ceilings2 Bathrooms install bathtub wall panels2 - Install Kitchen Cabinets , and countertops, and Sink in both pantrys2- Install Dishwashers including pipe, drains and elec in two pantries2 - Over stove - More cabinets in Kitchen @ 6 ft top and bottom with countertops2 Install washer and dryer hookups after bringing power to locationApprox 150-200 ft of Asbestos removal in basementalso what is the lead time to do all this..?