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Updated over 5 years ago on . Most recent reply

Kyle Swarts's profile image
Kyle Swarts's profile image
Kyle Swarts
  • from St. Louis, MO
  • Member since Aug 2, 2019
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Kyle Swarts's profile image
Kyle Swarts's profile image
Kyle Swarts
  • from St. Louis, MO
  • Member since Aug 2, 2019
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Kyle Swarts
  • St. Louis, MO
7
Votes |
52
Posts
Rehabbing & House Flipping

How to know when distressed is too distressed?

Kyle Swarts
  • St. Louis, MO
Posted

I see some houses in pretty dang bad shape, but they're sub 10k. Are these guys just so bad that the rehab just isnt worth it? Or are people scared to tackle certain properties that look that bad?

I'm hungry for a first deal and I am willing to take on the crappiest of crap if it will have ANY ROI.

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Kevin Hodgkinson's profile image
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Kevin Hodgkinson
  • Real Estate Agent
  • from San Antonio, TX
  • Member since Aug 16, 2019
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Kevin Hodgkinson's profile image
Kevin Hodgkinson's profile image
Kevin Hodgkinson
  • Real Estate Agent
  • from San Antonio, TX
  • Member since Aug 16, 2019
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Kevin Hodgkinson
  • Real Estate Agent
  • San Antonio, TX
1
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2
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Kevin Hodgkinson
  • Real Estate Agent
  • San Antonio, TX
Replied

Do your numbers, and if the contracting bid(s) and backside resale make it to slim of a deal, move on.

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