Quote:
Originally Posted by HardDrive
We have been looking at getting a flipper house.
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Good time to start sniffing around. Lots of motivated sellers. Be prepared to walk away from many before finding one worth buying.
This purchase will not be a quick flip. The renter wants to live there for the long haul- We have already discussed the possibility of them purchasing the home from me down the road.
This place has solid structure, contemporary plumbing and electrical systems, and doesn't even have any rot/bug issues in the crawl space.
It's a semi-cute little house, and if I own it long enough, will get better looking with some siding/trim/paint changes.
Rule number one when looking at fixers: I don't want structural rerpairs. I want my work to be very visable. Trim, paint, refinish floors, landscaping, yada yada....
I like houses that need "Lipstick & nail polish". They are the most fun to work on, and have the greatest profit margin.