WOW!
I wish I could do that for a living!
I wish I could do that for a living!
...and I spent $24,600 for this?
- Thread starter Crashby
- Start date
Awesome job man!
Doing the work yourself and saving the labor is a great way of doing it!
Doing the work yourself and saving the labor is a great way of doing it!
Nice work!
$70K... Wow... I have some friends who lived in Rochester and have been dieing to go back... and say they could buy a mansion for the price of thier house in NJ. I didn't realize housing up there was that cheap. What kind of neighborhood is it in?
$70K... Wow... I have some friends who lived in Rochester and have been dieing to go back... and say they could buy a mansion for the price of thier house in NJ. I didn't realize housing up there was that cheap. What kind of neighborhood is it in?
Transcend said:Says the guy who likes stucco and weeping mortar.
You've built how many houses again Freetard..???
Nope... I think it would scare the crap out of them...Changleen said:
Yup... that's the nature of these foreclosures... they lose the house, plain and simple. There are always signs of abandonment. One house I looked at had a 'dear Jane' letter on the table. Turns out that the guy went to jail... next to that was a report card for his little girl... all D's and F's... each foreclosed house seems to leave some sort of fingerprint.maxyedor said:
After this year, I've thought about it... but there's the old saying... 'don't turn your hobby into a job'. I figure at a decent pace, I could make about 80k per year doing this. Once I get up some more capital, I will start to look into more lucrative projects (bigger spreads on more expensive foreclosures, or possibly even new builds - N8 partnership?MtnBikerChk said:
).The reason I wont get much for the house is because of the location. It is adjacent to one of the worst parts of town... so you've got your drug dealers rollin' by in their whips, mad hooka's at the end of the street and thugs gainin' street cred at every turn... you know how we do it...Ian F said:
i'd say that 'constructing' and 'designing' are two different things, eh?N8 said:You've built how many houses again Freetard..???
..and financing..... but I can (and do) do all three.narlus said:
Oh, and guess what?
All my home are SOLD!
It's nice when your hobby makes that kind of income ain't it?Crashby said:
We are already seeing a number of foreclosures on new homes due to people buying into a market they couldn't really afford using ARMs...Crashby said:Once I get up some more capital, I will start to look into more lucrative projects (bigger spreads on more expensive foreclosures, or possibly even new builds - N8 partnership?
sure, you can 'design', but yr apparent sense of aesthetics suggests that you can't do it all that well.N8 said:
Dude, you cant hold N8 responsible for the crap people want to buy. My guess is he's doing better than 95% of the rest of us with his apparent lack of stylenarlus said:
BurlyShirley said:Dude, you cant hold N8 responsible for the crap people want to buy. My guess is he's doing better than 95% of the rest of us with his apparent lack of style
Why you little... !~!!!!!
..hey... wait a minute...
...do you mean that in a good way???
burly, you are absolutely right. i keep forgetting that i need to view his 'creations' through the eyes of the average louisianan...
It was a backhanded compliment.N8 said:Why you little... !~!!!!!
..hey... wait a minute...
...do you mean that in a good way???
No, I think your stuff looks fine, but then again, I just dont care about countertops and wallpaper. My dream house is a log cabin in the middle of the wilderness with stuffed fish on the walls and creaky floors.
Crashby is earning his money!
I avoid renovations like the plauge! I admire anyone who is willing to take on an old home and fix it up like that because there is nothing about it that's easy nor simple nor inexpensive.
Gawd knows I have enough headaches with doing it all new.. from the ground up!
I avoid renovations like the plauge! I admire anyone who is willing to take on an old home and fix it up like that because there is nothing about it that's easy nor simple nor inexpensive.
Gawd knows I have enough headaches with doing it all new.. from the ground up!
Wow....just wow.... Nice work dude!! And yeah, that's a $250k home around me.
And yeah, that's a $250k home around me.
Looks great, and picking that up for it's price....WOW!!!! Good luck on the sale
isn't 25K the median amount of money most californians put down for a car?
great work!
I think you should keep working in the same area! if people start seeing a bunch of houses all rehabbed it may be the start of a trend of a "up and coming neighborhood" and you may set a trend, and probably could start getting more money out of your flips!
good stuff man!
I think you should keep working in the same area! if people start seeing a bunch of houses all rehabbed it may be the start of a trend of a "up and coming neighborhood" and you may set a trend, and probably could start getting more money out of your flips!
good stuff man!
so this is what Matty does in his free time. What part of roch is it in? Oh and good job btw
Basicallynarlus said:
Wow.....You bought that for a year and a half worth of rent here. Very tastefully done as well!
Very nice indeed
Looks great - I hope you get ever bit of 70k
Wow! What an improvement!
WOW. I thought I was the king of low cost housing. I bought a 5 bedroom bouse for $85,000.00 and have done nothing* to it but I lived in it for 8 years
I think you win.
* no, I have never mowed the lawn.
I think you win.
* no, I have never mowed the lawn.
Serial Midget said:* no, I have never mowed the lawn.
APPROVED!!!
Jesus that is amazing. From one DIYer to another, fantastic job! Inspires to get to work doing more to my 1920's craftsman.
Nice...I'll take it!
DINOSAUR BARBECUE (on the counter)
Also nice house.
Also nice house.
Some pretty major updates and a question for y'all...
Some bad activity around the street that this house is on. Some shootings a couple streets away, and some sacrificed chickens, a goat, and a beheaded dog literally a few hundred feet from the backyard (no, I'm not kidding - some "Santeria" afoot apparently). Needless to say that this is not doing wonders for the property values in the area.
Also, the house was broken into a couple nights ago. They broke down the back door. :mumble: The good news is that they didn't steal anything or vandalize the place (don't quite understand that). I also ran a comparable market evaluation on the street and discovered that the highest price ever paid for a house on that street was $59,900.
Now the semi-good news. I got an offer on the house a few minutes ago. Its much much less than I ever planned on, but its a FAST sale and I can get the hell outta Dodge and move on to another project.
The figure is 56k. Almost appalling, but it still gives me a profit of around $15,000 for my 8 weeks work and a percentage profit on investment (ROI) of 34%.
Should I take it?
Some bad activity around the street that this house is on. Some shootings a couple streets away, and some sacrificed chickens, a goat, and a beheaded dog literally a few hundred feet from the backyard (no, I'm not kidding - some "Santeria" afoot apparently). Needless to say that this is not doing wonders for the property values in the area.
Also, the house was broken into a couple nights ago. They broke down the back door. :mumble: The good news is that they didn't steal anything or vandalize the place (don't quite understand that). I also ran a comparable market evaluation on the street and discovered that the highest price ever paid for a house on that street was $59,900.
Now the semi-good news. I got an offer on the house a few minutes ago. Its much much less than I ever planned on, but its a FAST sale and I can get the hell outta Dodge and move on to another project.
The figure is 56k. Almost appalling, but it still gives me a profit of around $15,000 for my 8 weeks work and a percentage profit on investment (ROI) of 34%.
Should I take it?
Take it and run dude!
Are we still talking about this?
does it come signed w/ chicken blood?
Crashby said:Some pretty major updates and a question for y'all...
Some bad activity around the street that this house is on. Some shootings a couple streets away, and some sacrificed chickens, a goat, and a beheaded dog literally a few hundred feet from the backyard (no, I'm not kidding - some "Santeria" afoot apparently). Needless to say that this is not doing wonders for the property values in the area.
Also, the house was broken into a couple nights ago. They broke down the back door. :mumble: The good news is that they didn't steal anything or vandalize the place (don't quite understand that). I also ran a comparable market evaluation on the street and discovered that the highest price ever paid for a house on that street was $59,900.
Now the semi-good news. I got an offer on the house a few minutes ago. Its much much less than I ever planned on, but its a FAST sale and I can get the hell outta Dodge and move on to another project.
The figure is 56k. Almost appalling, but it still gives me a profit of around $15,000 for my 8 weeks work and a percentage profit on investment (ROI) of 34%.
Should I take it?
Yes. An offer in hand is much better than waiting months and months on a potentially higher offer. You might try to not pay any closing costs other than those of your own... termite/atty's fee's etc.. typically less than $1000.
The city of Rochester is in a really bad downswing right now as far as crime goes. They're getting ready to throw some more cops at the problem but I don't expect property values to rebound anytime soon. Offer in hand almost sounds too good to be true actually.
Any thoughts on counter-offer strategy? their offer was actually 57,500, but wanted closing cost and warrantee money. Dont want to scare them off, but I could try for an extra grand via counter offer... hmmmmmm...
Probably safe....Crashby said: