So..landlords..worth it?

artloversplus
Sun, 17 Feb 2013 00:36:17 +0000

VH
You must know construction well， otherwise，how do you know how much “work” he put into it? And how do you split the “profit”? 50/50? lets say you buy one for 100K and it needs “20K” of work and it sells for $160k. Who is at the most risk? and if he screwed up the job who is responsible？ How do you know he put in 20K？ 30K or 50K？ He can give you all sorts of excuses that he had put in X and expect Y, once the wall opens up, you are at his mercy.