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Updated about 17 years ago on . Most recent reply
In need of direction...
So far all I've done are rehabs. Unfortunately here in Indiana things do not sell well. I can find some mind blowing buys, but the exit is where you make your money. I've only done 5-6 deals, but so far the results have been far from life changing. I currently have two homes priced $10K below their value and we're still not seeing any movement. They've got new windows, paint, carpet, and the works, but nothing. I don't know if it's our realtors or if the market is simply that bad right now.
I believe we've bought correctly, paid $20K for a home now listed for $55K, and $24K for a second home listed at $55K as well. Both well below their $65-70K value. Had the same misfortune with middle class homes. I'd pay $70K for a $100K home, yet end up making ends meat if that.
I believe real estate is my career of choice, but I'm in need of some success... Any suggestions for getting the ball rolling?