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Updated over 9 years ago on . Most recent reply

User Stats

34
Posts
5
Votes
Connor Williams
  • Delray Beach, FL
5
Votes |
34
Posts

found a property! Somewhat...

Connor Williams
  • Delray Beach, FL
Posted

So I came across this property thats a 6 bedroom 4 bathroom 4,000 square foot home for 399k.  Prob needs a good 25-30k in basic paint the whole house, rip up the carpets upstairs and replaced, new appliances and then a few other little things.  Electrical wall plates replaced and such and the comps are in the high mid to high 5's.  Question is, would you entertain a house like that being that its so large that your pretty much narrowing down your target market by a large margin, as most people are in the sweet spot of 3-4 bedrooms?  Feel like your cutting out a HUGE chunk of potential people and the carrying costs and DOM might be a little high.

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