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Updated over 11 years ago, 08/29/2013

Account Closed
  • Investor
  • Buffalo, NY
15
Votes |
100
Posts

To buy or not to buy?

Account Closed
  • Investor
  • Buffalo, NY
Posted

Okay so quick question to those that are way more knowledgeable than me. So a property is on the market for $105K, move in ready just needs a fresh coat of paint and new appliances (they were removed) the previous owners were foreclosed on. The house has brand new siding, carpet, tile and a roof thats not even 10 years old yet. Comps in the area are anywhere from $135K to $150K, would this be something to pick up, freshen it up and do a quick turn around sale on it for quick 20K? I doubt I would even get anywhere close to 10K to do the paint, appliances and minor touch up stuff. I have 3 days to get my offer in.

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