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Updated over 6 years ago on . Most recent reply
What is the Repair Estimate for This Rental Property?
Hey guys,
Here is a link to a video and some pictures of a property that my partner and I are considering to sell.
It seems like the property itself is a total rehab. Problem is, the community this property is in is a rental community, not a fix and flip community. Judging by what you see in this video and the pictures, what do you think the repair cost would be to make this house acceptable just to be rented out?
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#4 Short-Term & Vacation Rental Discussions Contributor
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- The worst town to live in, KS
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#4 Short-Term & Vacation Rental Discussions Contributor
- Investor
- The worst town to live in, KS
I live in a town with pretty low property values. A house in a condition like that would sell for $2000 in this market. If it was in good condition, it would sell for $10k to 15k. There are people in this town that buy houses like that and do all the work themselves, then rent them out or sell them. Find someone like that and get rid of that property.