Ok, so the house that we were interested in went under contract last Friday --- after just 7 days on the market --- knew it was priced well! I didn't want to get into a bidding war of any sort so we just stepped away from it altogether. Probably for the best anyway as rash emotional decisions are the most dangerous ones!
Now, as I've posted, we have been looking for investment properties for about a year now. Nothing really pushed our buttons until one that we saw a couple of weeks ago. This little house on .75 acres is listed at $119k. If we can get it for $95k, I think it would be worth it to get and rehab. We are estimating about $12k in renovation costs. Then we could rent it or sell it, either option would be good for the neighborhood it is in.
What do you guys think about this little house?
living room
kitchen
Decision made (maybe) on the house situation??
April 26th, 2010 at 04:28 pm
April 26th, 2010 at 05:53 pm 1272304430
April 26th, 2010 at 06:57 pm 1272308241
We are hoping that they'll come down that much but we do doubt that they will... doesn't hurt to try though. We won't pay more than $100k for it period so we'll just have to wait and see (of course we have to decide on putting in an offer first).
April 26th, 2010 at 08:47 pm 1272314845
April 27th, 2010 at 12:17 am 1272327444