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Updated 11 months ago on . Most recent reply

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55
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Colby Zeller
77
Votes |
55
Posts

Should I fix up home, or let it go to auction ?

Colby Zeller
Posted

Hi BP, Im here on the forums today due to  A important family matter, I recently had A Uncle Pass away, and with no next of kin my mom received the title of administrator of the estate. He own a single family home with 2 beds and 1 bath, the address is 216 S Buchanan St, Fremont, OH. The home is in pretty bad condition and needs a-lot of work, Seeming to be a great opportunity for me to get my hands into the fix and flip game. The only problem is I live 4 hours away and the home might need a-lot of capital to fix up and I don't know if the juice will be worth the squeeze. I also plan on buying my own house hack before the end of the summer, just don't want too much on my plate for just starting out, any advice or words of wisdom would be appreciated thank you !

Most Popular Reply

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10,250
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,108
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10,250
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

The 4hr distance, unless you will live in it during rehab, would keep me from buying it. 

To monetize it a little, you could go under contract to purchase then wholesale it if you have someone there to show it and stuff @Colby Zeller

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