Looked at a single family today, i am buying it $26000 with $6000 down balance at 7.5% for 10 years, that is what the seller offered me and it was good enough i took it as is.I expect to get $1200-$1400 month with tenant paying utilities, water and mow lawn and shovel sidewalk.Thing is there is probably 5- 30 yard dumpsters of junk in the house and a condemnation notice on the door due to so much stuff on porch and driveway, i can call the building inspector tomorrow and at least let him know i will be buying it.Landlady sold it to someone at a higher price than i would have paid and is now taking it back because the owner refuses to deal with it.lately i am finding houses so full of junk it is waist deep and i cant even walk through them. I expect this will cost me $6000 to clean out --45.55.xxx.xxx

Good show Ken! Those sorts of deals are non existent in my area. Why keep versus just selling? --23.28.xx.xx

A day and a dumpster it will start to look different! --172.59.xxx.xxx

My favorite kind. --24.152.xxx.xx

Happy for you. --72.218.xx.xxx

GKARL- these deals are available everywhere but hard to find because they are not on the MLS they have to be found and i have to show the seller what we can do and they generally go for it because they are more interested in solving there problem than profiting, i happen to know the seller wants monthly income because she is my wifes cousin and sold a bunch of houses to her tenants and inexperienced landlords at higher prices than i am willing to pay and just thought all the payments would just roll in for her retirement.I passed on all her houses 2 years ago and told my wife she will be selling them to me in a couple years when her buyers start losing them and here we are 2 years later.I finally have found 2 competent managers so i dont have to manage them myself so this will produce an income monthly i can use to pay bills rather than relying on flips entirely.Also it would not produce enough of a profit to meet my requirements to flip it.GKARL-What city do you look for houses to buy in?I want to try something --45.55.xxx.xxx

Never know what ya might find within that junk. --69.130.xxx.xxx

BRAD --73.103.xxx.xxx

BRAD --73.103.xxx.xxx

Scrap metal is worth something where if have a pick up can get something. Look at what donated to charities. Furniture, clothes. If the appliances are old than scrap metal. Once clean out then can start renovation process. --216.110.xxx.xxx

Brad, usually for every dumpster we fill we set aside a load of scrap and keep that out of the dumpster, i figure this will cost me about $6000 just to empty the house --104.131.xxx.xx

Hubby was checking out yard sales on Saturday and found two hoarder situations. Now I'm wondering if there is a deal lurking in either of them - one of our adult kids is house-hunting, and discouraged by the expensive market. Hmmmm... --173.62.xxx.xxx

Several years ago, I could buy those hoarder houses for $5K total. Now those same houses cost $10K total. Inflation. --76.29.xxx.xx

Very impressive. You may find more coke bottles. --73.108.xxx.xxx

Here a 40 yard dumpster will run you $750 for the week. You need four of them so your clean out number might be a bit low. That said, you might have some scrap in that mix too --24.101.xxx.xxx

Once I get my little stuff squared away I need to start looking for deals like this. Maybe not the same money-wise but I am inspired. --107.147.xx.xx