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Updated almost 11 years ago,

User Stats

693
Posts
216
Votes
Scott K.
  • Real Estate Investor
  • Madison Heights, MI
216
Votes |
693
Posts

got an offer in today

Scott K.
  • Real Estate Investor
  • Madison Heights, MI
Posted

I found one that has some possibilities. Offer of 20k.

3/1/1 vinyl siding on a slab

Dirty as hell. Redo the kitchen, all the floors, and paint everything that is going to stay in the house.

It is very dirty and needs a massive amount of cleaning. I will hire my 25 yr old cousin to rip out the carpet and flooring and kitchen.

Figure the kitchen will be 3k.

Paint 400

flooring (depends)

Already has breakers and grounded plugs so that is a big plus.

Furnace runs and water tank look good.

So #'s look good that the end price will be 39,900 after I am all done.

Well in a perfect world this looks good. But we all know its never perfect.

Rent in this area is $900 give or take

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