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Updated over 9 years ago,
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@J Scott I am reading your book on flipping houses, and love the book and this is why I would like your personal and professional opinion. When I am pricing out my rehab I use your formulas, and I know not every market is the same, but yours and mine a fairly close. I am getting out bid on the houses on the houses I bid on. Most of the houses I look at require a good amount of work because I feel I can make a better profit from this type of home. With that said what I need to know is if I am to caring about the next potential buyer. When I go in a house if I see galvanized water line, cast iron water line and 2 wire electrical outlets I figure on doing the plumbing and electrical right off the bat, I really want to take care of my customers but am I putting to much emotion into buying since if I was the one buying this would be a red flag for me. I just need some guidance if you don't mind and anyone else can chime in also, great thanks .