Awesome job. I remember back when you were a broke college kid sweating out $10 bets. Now you have your own business hiring people.
Who says the American dream is dead?
Im thrilled to hear it man.
good luck and congrats
I spent 42,000 on that one which is the most I have ever spent. However, I built a brand new 2 car garage on that one which cost me 11,000. Typically I won't buy a house unless I can make 20K, however I am working on different strategies right now. I just started a house today that I only expect to put 10 into (Kitchen, appliances, bathroom, and windows) and I am hoping to make 10 on that one. This one is only going to take me 10 days to get back on the market though which is why I was willing to take a tighter profit margin on it.
Enfuego, I would think Kruser would agree, money is made when you buy. Most of our houses we buy in the 30-35k range the top being around 45ish. All of these houses have their quirks for the most part, a few haven't. Usually terrible floorplans with wasted space. Put 20-30k in, including labor and hope to profit 30k selling them around 100,000. Interested to see Krusers response as well.
I think fences add a lot to a property Bigten if they aren't rundown.
I can tell you this from a guy that shops for homes every three years with a picky woman. She wants a nice kitchen with stainless steel, counter space and adequate storage. She wants a big master bathroom and walk in closet and a good sized mater bedroom.
If I can't get those 3-4 spaces right, she'll move to the next house. Not to mention the house needs to look presentable. I imagine most wives feel the same. It's not about what I like, it's what the buyer will like.
This isn't my favorite but here is one.
http://www.trulia.com/property/3064389071-2116-Union-Grove-Rd-Lenoir-NC-28645
http://www.trulia.com/property/3064389071-2116-Union-Grove-Rd-Lenoir-NC-28645
My focus is first time home buyers. I won't buy a house with an expected sell price of over 130 so I work my numbers backwards from there. I pay 100% cash on everything, it makes it a hell of a lot easier to buy and less shit to deal with. I request 2-3 week closes(Though it rarely happens), no closing costs, no inspection. A lot of the times the bank will take my offer over someone with financing. I put a stainless steel appliance package in every house, something about ss that just lights up the buyer's eyes when they walk in in that price range of a house. The hardest part of my job is finding the right house to flip. Decent BR size, a kitchen I can work with, a garage(If there isn't one, there has to be budget to build one), and a bathroom I can work with. As long as I can take out walls or reconfigure the layout to work I can make the rest of it work together.
