Finished Rehab!

[Ed L.]

Just finished a 3/2 2,300 sq/ft house in town. I'm embarrassed to say that it took me 3 months and 6 days to get this house ready, but life has been busy and the flip has been on the back burner.

Luckily the PO had done a complete renovation in 2007-08..

PP was $65,000... Need to calculate all my expenses but it should be under$5,000 including interest to date from my procrastination.. Just minor stuff such as room painting, crown in a couple rooms, stove top, etc, etc.

Amazing what a difference cleaning and staging made on this place.

Listed today for $109,900... It compares favorably to everything in that price range so hopefully it will move quickly!

Plan is to give it 3-4 months on market.. If no sale then I'm going change strategy to long term hold... I'm pretty sure it will bring 1100-1200 on the rental market.. $1000 is like the glass ceiling, but I think it can be broken considering the condition of the home.

[img]http://img641.imageshack.us/img641/6685/20120306210730853456000.jpg/[img]