All Forum Posts by: Paula Moore

@Andrew Syrios, @Bill Florence and @Account Closed, 

Thank you for the words of advice! This neighborhood is mostly upper class professionals, higher end houses and a very desirable area. The house itself sits at the end of a road, lots of trees, so fairly secluded and quiet. I'm told the beautiful wooded lot is worth the asking price even if the house were leveled and the lot sold for a new build, or divided for 2. 

I am a newbie with not much rehab experience under my belt (yet), so not sure if I'm ready to jump in to something this large! 

I will work on the numbers again, along with the other tips and make sure this is a good fit for me at this time.

Thanks again!

I have found a bank owned, rather tattered house sitting on 1.6 acres in a GREAT neighborhood that will need significant rehab to flip and get in shape to sell. The bank is asking 49k. A contractor estimates about 90 - 100k for a total gut rehab. All of the comps in the area range from 230 - 350k. I have a couple of friends that also do flips and they feel the rehab for this house is too extensive and therefore not worth the effort. So my question is this: how much rehab is too much? 

@Mindy Jensen, @Marlon Wilson and @Troy Durrette,

Thank you all for the warm welcome and site tips! I'll try to get back here to explore the blogs soon, the "day job" doesn't leave a lot of hours. Hopefully that will change soon and I can turn more attention to those things I really want to do!

Greetings BP world! 

Brand new to all things real estate, I am studying and reading anything pertaining to REI that I can get my hands on. Real estate is something I've always been interested in, finally taking the needed steps to really get into it! I'd love to connect with others in my area and perhaps form a partnership to do rehabs and eventually acquire some rentals. The Barboursville and Beckley areas are also a possibility for looking for fix and flip properties. Thanks in advance for any advice!