Updated almost 10 years ago on . Most recent reply
Rehab or short sale
Just like another opinions.
Option #1 So would you buy a house for say 35k knowing have to put in 30-40k to make livable. Could potential rent for 1000-1300. However now you know how the bones of the house is you replaced pretty much everything and is like a new home.
Option#2 look at a house for 59900 from the pictures looks completely redone and can get approx same rent. Obviously looks like no sweat equity would be involved that you are aware of at this time. But is it a short sale
I am on the fence. Option 1 I like the fact of replacing everything to new that way I know 1 how it was fixed and 2 shouldn't have any surprises. Time frame though is I would being doing everything myself and would probably take 6 months until I could get someone I there.
Option 2 seems move in ready other then short sale issue. before we go n look I would like opinions.