Daidraco
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There has to be more to it than just the pastel colors and the incomplete shit show jobs. If the rest are going for 2 mil, and thats at 450k - you could do a flip and walk away with close to a half mil in your pocket after taxes? Thats selling at 1.5 mil instead and still doing luxury custom fitting cabinets, fixtures, windows, doors, landscaping, tile, flooring, a sheetrock scrub and painting. Taxes obviously being your biggest burden. Even after good credit, interest rates are at five and a quarter. Theyre beginning to do 100% finance on real estate and 40 year loans. (As a flip, I wouldnt care what the term is as long as its monthly burden is affordable as I wait for the listing to sell.)in my area, the only house that isn't 2m+ is this house for 450 that just got a reduction, b/c
yes, the kitchen is tri-color w/ unfinished tiles...
I still need to see the outside (roof and siding condition) - but if a two different inspectors came back with no other issues, and the market is truly where you say its at - this is potentially, a good buy for someone that has at least a basic knowledge of home repair (DIY Electrical, Plumbing, etc.)