Learn fundamentals of evaluating an offer and how you can determine the optimum purchase cost you ought to offer for a residential or commercial property.

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This home was a property I discovered on the MLS back in 2011, back then there was still a lot of foreclosure stock, so you could still discover some actually great offers on the MLS.

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This property was noted for $54,900 and rehabbed properties in the area were costing around $125,000, so I thought if I might purchase the residential or commercial property for around $50k, I might probably net around $20k in earnings in the offer.

The residential or commercial property had no major structural problems or anything like that, however it did need a new roofing, brand-new windows & doors, & outside painting and some brand-new landscaping.

In the interior, the property was quite unclean and there were some holes in the walls, however for one of the most part the home was just needing a cosmetic rehab, so new restrooms, painting the interiors, installing new hardwood floor covering in the cooking area, installing brand-new carpet in the bedrooms and installing new lighting fixtures throughout.

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