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Updated almost 12 years ago on . Most recent reply

User Stats

179
Posts
71
Votes
Michael Galloway
  • Real Estate Investor
  • Lafayette, CA
71
Votes |
179
Posts

Got a big one BOYS, and Ladies Orinda CA

Michael Galloway
  • Real Estate Investor
  • Lafayette, CA
Posted

Bank is accepting my offer on a short sale. $820K. Rehab is $250K ARV $1.85M

Happy Valentine's Day!!!!

Most Popular Reply

User Stats

179
Posts
71
Votes
Michael Galloway
  • Real Estate Investor
  • Lafayette, CA
71
Votes |
179
Posts
Michael Galloway
  • Real Estate Investor
  • Lafayette, CA
Replied

J Scott, this is an interesting deal. I would say more like a combination. A little foundation issues, original house in best country club neighborhood. Needs complete remodel. Head to toe. Might need to add some extra footage for the right feel on the master bedroom/bath combo. Kitchen needs new layout with open floor plan instead of being all closed in. Grandma's House in Best Location. Comps are at $600 a sqft on new/rehabs. You Get the idea. I will take pictures for progress.

Ben Leybovich, My Brotha, this is SFR Flip. No need to reposition here. Just fix and flip. ... im still thinking about moving in? (500K exclusion) Wife hates that part. Good problem to have. 2 years seems like such a long time to wait.

$373K, not to shabby.

It's all just talk till the check is in the bank. Keep you posted.

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