Well let's look at a couple of things:It "appraised" at $245K, is that from the appraisal district, or did you pay for an appraisal?

Depending on the county and whether your state is a non disclosure state, but go to the county Central appraisal district, search by address or owner name and it should give you assessed value, owner, last sapes date and price etc.

Among most faculty and students, there is an infantile disregard and disdain for the hard working, innovative people who came before them- the people who actually created, built, and funded the soft, comfortable collegial way of life enjoyed by the people attending and "teaching" at the institution.Someday, probably soon, the warped attitudes and poor judgment instilled in our young people will crumble our way of life if we don't insist on bringing some grown-ups onto campus in order to give a more mature and informed view of the real world.

I'm going to have to take the next 5 months off to go help Democrats get elected in some competitive districts so that we can get some HONEST investigations of this bunch of crooks and liars.Please don't flame me as being a "big government, leftie liberal.

I'm looking at a property that needs a COMPLETE rehab, and to top it off it's in a historical district which makes it extra hard. on average how long does it take to flip a property like this.

District and is less then three years old.

This house is in the historic district in my town about a 10 minute walk from my college.

Obviously my uncle is not mentally in control of all of his faculties or this would not be happening.

okay, here's an example:we're currently negotiating a house in the number one school district in the statein a premium townshipin a specific area with absolutely beautiful homes around iton a .35 acre nicely shaded flat lotwith a sunset right in the back yardthat is in need of minor repairsthat looks aweful to the untrained eye - and i mean badthat smells like catswith hardwood floors throughoutin need of a kitchen redo (cabinet refacing)needs minor upgrades to bathroomneeds quick finishing walls in basement, throw down some rugsneeds driveway pavingHOUSE was a rental, husband passed and wife wants to sell it.asking price: 299,000 - as is - it is probably priced about okay for the condition it is in.Price we're negotiating for - 265,000 (maximum)Projected repairs - 23,000 (we do the work - 1 month completion)Projected Closing Costs (X2) - 28,000Projected Holding Costs - 15,000 (6 months - 8% 30 yr term - just a regular PITI)ARV - 395,000Profit - 75,000the above numbers are extremely conservative.

I know someone is going to quote a recent (either "Business Week" or "Fortune") magazine article showing huge appreciation, particularly in the bigger cities; DFW, HOU, SAT, AUS, HOWEVER, no one has ever shown me the methodology used in that study and everything I've looked at in those markets changes when you BACK THE NEW CONSTRUCTION out of the equation.In my local market the appraisal district tried to jack our numbers up and I protested.