Is that body not “sleeping”?!

My background in design has made me very interested in fixer uppers!

They not choosing cheap fixer uppers because they have no savings to renovate, but their income and steady job and fair credit can provide them with a nice home.

My background in design has made me very interested in fixer uppers!

I just came upon a small, but conveniently located (5-minutes walk to a uni campus with a 25,000 student body and 10-minute walk to a fairly lively downtown, 80k population Michigan city), 3 bedroom home which had solid rental history until the house was condemned.It was condemned due to being at the bottom of a hill, where the retaining wall gave way.  

You'll find a couple that are looking for fixer uppers for sweat equity but generally a roof falls outside of something they can do themselves so it wouldn't really be attractive to them either.If you're selling to someone as a home, I'd fix the roof.Generally speaking the rebate you'd have to offer to get someone to ignore the problem will be larger than fixing the problem.Also look at it from a cash perspective... would they rather put their 3.5% down on $250k or put 3.5% down on $240k and immediately have to spend $10k to fix the roof?  

A person can still get private funding to buy fixer upper houses.

Then about a week later, they listed the property on the MLS as a fixer upper at $175K, and it sold for $172.5K within a few days.

If this project suits itself to the following, fund the major repairs with licensed specialists (roof, plumbing, electrical, heating), then sell to a DIY couple looking for a "fixer-upper" for 85-90% of "after repair value".  

I can basically flat guarantee you they have no interest in low value fixer upper houses...