Meeting with a real estate agent today

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Funny you say this. The wife and I had this very discussion last night. I told her it's not about our personal taste. There can't be any emotion put into the renovations. We'll concentrate on the kitchen and master closet and bath as top priorities with the front yard being a very close second.

curb appeal plays a large role.. if you like the house when you pull up, I am pretty sure you will let some smaller necessities to the waste side IMO for first time buyers n such


-murph
 

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curb appeal plays a large role.. if you like the house when you pull up, I am pretty sure you will let some smaller necessities to the waste side IMO for first time buyers n such


-murph

Top 3 things for me:

Kitchen
Curb
Master bed/bath
 

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good luck with it enfuego...keep us updated...
 

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What should I do to maximize my profit?
What's my projected price point after 'x' amount of work is completed?
What's my estimated days on market after completion?
 

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What should I do to maximize my profit?
What's my projected price point after 'x' amount of work is completed?
What's my estimated days on market after completion?

Good points and we talked about all of this today.
 

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Just curious why do you want to instantly flip?

Rates are low and the rental market is good in most areas while appreciation is still somewhat stagnant. Why not wait like 3 years or whatever..
 

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Just curious why do you want to instantly flip?

Rates are low and the rental market is good in most areas while appreciation is still somewhat stagnant. Why not wait like 3 years or whatever..

Because I don't want to tie up 150K for three years. I own two other homes.
 

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Because I don't want to tie up 150K for three years. I own two other homes.

What is the price range for this house (sorry if its ITT) 150k seems like a lot to putdown and tieup when financing costs are so cheap.

Is there a desired ROI on that 150k?
 

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What is the price range for this house (sorry if its ITT) 150k seems like a lot to putdown and tieup when financing costs are so cheap.

Is there a desired ROI on that 150k?

Pats, we're looking for a foreclosure or short sale for right around 90-100K and allowing 30K for the renovations. ROI is 20K or it's not worth it IMO.
 

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Didn't you say earlier in the thread you are pre-approved? If you are financing then I don't get where the tying up 150k comes up?
 

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Didn't you say earlier in the thread you are pre-approved? If you are financing then I don't get where the tying up 150k comes up?

Pre approved for 150K and that's only because I told him I don't want anymore than that amount. We still have to put 20% down.
 

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