...and I spent $24,600 for this?
- Thread starter Crashby
- Start date
Crashby = Stuntmatty?
We need to talk! This is exactly what I intend to do to my park ave property. I had no idea you did this sort of thing. Flipping awesome.
We need to talk! This is exactly what I intend to do to my park ave property. I had no idea you did this sort of thing. Flipping awesome.
ummmm no, we are seperate munkees... He has helped me greatly on 2 of my properties...Spitfired said:
We should grab a beer sometime / take a tour of our houses - discuss biz... PM me anytime.
Freal. Have we met before? Thursday night ride perhaps?
Lots of people call me Gesus, if that rings a bell...
Lots of people call me Gesus, if that rings a bell...
I would take the offer and see if they are willing to split closing costs at a minimum.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?
Take the Money and run!!!
I'd say take it and move onto another project. The less time you sit on it, the more houses you can do. IN the long run that = more $$ in your pocket.
I agree, take the money and run.
Dang, if I lived in the CRoch, Id go in with you... Beers, bikes, and saws--how much trouble can you get into?
Id love to do that here in Boston, but like everyone else has pointed out (in their respective towns), the up-front capital is mind blowing. Youve got a great market there--although you may want to move your interests a few more blocks away...
Dang, if I lived in the CRoch, Id go in with you... Beers, bikes, and saws--how much trouble can you get into?
Id love to do that here in Boston, but like everyone else has pointed out (in their respective towns), the up-front capital is mind blowing. Youve got a great market there--although you may want to move your interests a few more blocks away...
Take the money an run! 
a bird in the hand is better that than two in the bush... 
takin' the offer... :trophy_br
takin' the offer... :trophy_br
See if they will split the closing costs, and it's customary for the seller to buy the home warranty.
Man you are amazing!!! That work you did was remarkable and highly impressive. I'd kill to have that kind of talent.