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Updated over 5 years ago on . Most recent reply

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Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • The worst town to live in, KS
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Question for Internet sleuths

Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • The worst town to live in, KS
Posted

In the last few weeks there have been a lot of small signs in yards saying "We'll buy your house" and the link website 2020houses.com  When I go to the that website, the first line says "We buy homes in Coffeyville" and that's my town.

This town is pretty crappy.  The website says they have already bought 17 homes.  Why would anyone be buying houses in Hades unless they know something I don't.  Perhaps they know that in the future there is going to be a demand for housing and the market prices are going to go up?

I tried to find the owner of the website, but no luck.  It's by Godaddy, but it doesn't list who owns it.  Can any of you find out?

Most Popular Reply

User Stats

4,508
Posts
4,192
Votes
Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • The worst town to live in, KS
4,192
Votes |
4,508
Posts
Paul Sandhu#4 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • The worst town to live in, KS
Replied

So yesterday I offered a property of mine, just out of curiosity.  Just now, I got an email from 2020houses from a guy named Daniel Bryce.  So I typed his name into the register of deeds for the county, and see he has 5 properties here in town.  Those properties have their picture of the front page of 2020houses.com.  He lives in Red Oak Texas.  

We paid $28k for this house about 7 years ago.  2 story, 2 baths, sleeps 7.  It grosses between 12-15k a year.  We thought about selling it for about $30k, then buying 3 smaller houses.  Our smaller houses get less rent, but they rent out more often.  Smaller houses gross 12-15k a year.

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