Re: Question for everyone - Posted by michaela-FL
Posted by michaela-FL on June 18, 2006 at 08:36:20:
I think you’ve gotten some very good answers. In general people say, that it’s better to make the 30k without work than with.
Now, I would suggest that you also look at the big picture: What about the neighborhood. Sometimes getting a deal in one neighborhood gets you in contact with the neighbors. Are there a lot of fixer-uppers in that neighborhood? If so, maybe it wouldn’t be such a bad idea doing a rehab and being visible to others. Let others around you see what you’re doing, how you’re helping th eneighborhood. They may start talking to you about buying their house and so on.
I personally love to design and am chomping at the bit to do another rehab, but in the meantime I’m doing the ‘easy money’ with flipping lots.
Just something to consider.