More info; Need advice on potential first deal - Posted by SteveA (FL)
Posted by SteveA (FL) on May 22, 2000 at 11:15:51:
Goal: wholesale or retail flip
Wood frame SFH built in 1964
2 BR/1 Bath 708 sq. ft.
Vacant for 6 months
1/2 acre corner lot, fenced.
Think the house was moved there years ago. Sits on
brick piers with a crawl space. N’hood is combo
3 BR brick, 2 BR wood & MH’s on dirt road in fast
growing area. Some nice, some junkers.
Needs Central heat/air; windows; landscaping;
kitchen cabinets; bath remodel; paint inside & out;
carpet; septic inspection; probably rewire.
Price isn’t my issue; what I’m really concerned about
is finding out this morning that the back porch that
was added is not on a slab and would not pass inspection.
This was going to be one of my selling points for a
possible 3rd BR. I can always have a slab poured
under it or tear it down and add a 3rd BR and another
bath, but what would that do to my cost? Any ideas?
Am I getting in over my head for a first deal? Should
I tear it down and sell it as a 2 BR 1 Bath?
Oh yeah, the addition has been inspected and does