OfflineWe received a call from an agent that showed us several properties awhile back, but we didn't find anything to our specs. She said she had a pocket listing that was a probate.
We took a 5 minute look at it & submitted a $ 25,000 cash offer; which they accepted. House is a 2bed/2bath/1car garage with an additional carport. It also has a separate den & separate screen porch, About
1200 - 1300 sq. ft. with new roof & new central heat/air. We have the option to sell as is for 43K to 47K or remodel with new kitchen/bath/paint/carpet, spend about 8K & then selling for 55K to 59K. We just love these kind of decisions.
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Gary and Jill,
that is very nice; you say that you made an offer within 5 minutes of walking the property- are you going to get an inspection or is the house in that good condition?
Wishing you many more of those probate deals,
Valerie
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
Gary & Jill,
Congratulations! That sounds great. Best wishes to you on what you decide to do after closing.
Cheryl & Dave
After buying 30 to 35 of these houses we can pretty much tell what's needed & how much...so we don't need an inspection on this one.
Way to go. We are trying to keep up with you but we can't. You Rock.
Steve and Veronica
Steve and Veronica
Steve and Veronica's Journal.
http://www.deangraziosi.com/real-estate-forums/investing-journals/58073/...
http://www.deangraziosi.com/real-estate-forums/totally-fulfilled/72344/d...
Yeah, I figured that since you've posted about your probate deals before...
again...congratulations!!!
Valerie
Valerie
“And will you succeed? Yes indeed, yes indeed! Ninety-eight and three-quarters percent guaranteed!” ― Dr. Seuss
"I believe in angels, the kind that heaven sends; I am surrounded by angels, but I call them friends" - Unknown
My journal: http://www.deangraziosi.com/real-estate-forums/investing-journals/59110/...
You guys will be catching up soon, just keep plugging away.
I guess Citrus county must be the hotbed of real estate!!
Always Looking to Acquire Houses | Always Looking to Amaze Investors
Don't you love it when things work out for you? I do.
Rinse and repeat!
Yes & the prices are increasing, we'll have to do something together & make a couple of bucks!
We just came from Lowes & purchased the kitchen cabinets/counters. They are having a huge sale on them, 20% off in stock; plus we had another 10% off
coupon we got from the post office in a change of address kit.
Complete new kitchen cabinets/counters/end caps/fillers & toe kicks, all for under $1000. And we all know new kitchens & bathrooms sell houses!
we all know how important it is to get our material as cost effective as possible. 30% off goes right to your bottom line. This is what is meant by "buying right"!
Always Looking to Acquire Houses | Always Looking to Amaze Investors
You got that right ... Jill is always picking up those 10% off from the change of address kits. Between them & holiday sales we even got entry level
new appliances, consisting of refrigerator, range, dishwasher, & built in microwave for under $ 1000.
By the time we add in flooring, sink, faucet, lighting & plumbing fixtures
we'll spend about another $ 500; so that's a complete galley style kitchen for about $ 2500.
When the rest of the competition is original 30 year old properties, you knock the potential buyers socks off!
with out a hitch. Did the walk through, seller left some furniture so soon it will be estate sale time to make a few hundred extra bucks. Picked up the bank check, went to the title company, signed & was out in 10 minutes. Called to change over utilities, changed the locks & will begin to clean it up tomorrow. Might have a cash buyer that wants it the way it sits.
If not, we remodel it, spending around 6K to 7K & sell for around 55K. Still not bad on a 25K house.
and another one! keep em coming. Probate is great!lol
To get something you've NEVER HAD
DO something you've NEVER DONE.
Had 3 or 4 people look out both houses today. They are end cash buyers; we"ll have to keep our fingers crossed!
Sounds great! Good luck!
for all your support.