All Forum Posts by: N/A N/A

Just to clarify I was talking about the countys tax appraised value 8)

Try an offer of 15%-20% off the appraised value.

Thank you for the helpful posts I am looking into buying the whole house I went and checked out the house and the foundation needs minor work I will go to the city and find out the zoning and find out if the house is approved .

Today I went and looked at a Hud home the weird thing is its a four bed room home split into three units It looks like a regular house but has two doors on the right side there is also a small building on the property I talked to the realtor thats in charge of the house and he said that its a fourplex :shock: and that he had never seen anything like it before. The house has some foundation problems. Does this sound like a messed up situation that I might be able to turn into some cash or maybe I should just pass on this one ? They are asking 42k just for the part of the house up front :D and hud does not own the other part of the house. I was thinking maybe they would take a low ball offer since its such a weird layout and the city was crazy to approve it.

When you flip a house you are getting it under contract and selling the "Deal" to other investors. When you rehab a house you buy it, fix it, and sell it.

cmacone - thank you for your input I have heard of birddogs but never used them.
junebug- Your right I am finding alot more deals in Texas thanks for your input.

Thank you for your help I am very glad that I found this board , I think that I am going to start out in Texas right now Im looking at Austin or Houston area.

I'd like to start out doing rehab in Texas or California what state is better for rehabs? , I'm thinking Texas is good to start houses are cheap, but I'm from Cali and know the market there alot better but houses cost alot more. TIA :D