Quote:
Originally posted by SoCal911SC
So if I buy it from you for $225, will I be able to sell it next month for $300?
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Are you making a serious offer here?
To answer your question. No.
This house is worth 200-225K max. A 195K price tag will sell it in day.
I am no newB to real estate prices, I am a land surveyor I see every day what people pay for houses. I see a giant hole in the market at the 200K and under range. That is my target price range for my flip houses. Starter homes for those that cannot afford a 300K home.
1/4 Acre Lots are going for 100K here now. But houses are still cheap to build in the 175 -200K range on your lot.
This guy flipped this house for 150K because he probably bought it for 100-120K and just made 30-50K in days without putting more than maybe $500 in it.
With my crew doing all the work and using quality products we should be able to list at 195K and sell without a problem and that is with us putting 5K into it.
Our total cash out will be 155-160K we shouel be able to clear 35-40K with the house listing in 3-4 weeks from the date I take ownership.
I will take some before and after pics for you to see.