Re: House moving info? - Posted by steph in tex
Posted by steph in tex on May 18, 2000 at 07:07:53:
depends on where you are… but i’d say yes, you just need some cash, as most of your cost will occur upfront.
where i am it cost about 10K to have a small house moved. i can usually get those houses for free, so that helps.
then you need to think about your site.
that could be the hard part. deed restrictions were the biggest thing i came up against. most of the time you have to go before a board with all your plans etc…pain, but can be done. don’t forget about ALL the permiting…
once you have your site approval, you have to think about your foundation / peirs. in my experience, you can get it done for about 100 bucks a peir or less.
utilities… where i am, the sites we chose had to have septic. that was a pretty nice chunk, about 4-6K.then tie everything else in.
then came the rehab of the houses. most of my freebies need quite a bit of work. but once your this far~ it’s just another rehab.
what you might consider, is have someone else buy the land, and buy the house (bill of sale~ how about $1)
then once the house is moved and set, you can buy it from them using hard money, and hopefully get some repair money… this has worked in the past.
factor all that in, plus your 10% off the top… If there’s still room~ go for it… but just remember~ time is money… how many deals could you do in the time it takes to do one of these?
many was my answer…
i still do the many, and am in the process of cutting up an acre so I can have a place to set 3 more free houses… will be FAT on the back end…
so i guess it’s worth it to me, but i need to keep the deals rolling to keep the cash coming in too…
hope that helps…
steph in tex