Gutted Houses

[Samuel Kimani]

Does anyone have any experience buying and then gutting houses to resell them to investors? Does this sound like an incentive to any of yall, being that all the systems are gone, and time spent on the property will be installations only?

I am thinking about doing this and/or finding end buyers who want the "builder" experience of choosing their own ameneties.

[Ryan Webber]

When you are talking about wholesaling (selling to another investor) a house that is completely gutted, you customer base becomes very narrow. There are only certain rehabbers or landlords who will take on a gut job project, and there will have to be a significant profit margin in there for them to take the risk.

As for normal homeowners, I think you are going to run into a severe lack of vision with most people. They aren't going to be able to see how its going to turn out in their head. My experience is that this will hamper them from wanting to buy it. I experimented with this myself and found that there are very few people who can see how it comes together and are scared off by a gutted house.