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Buying & Selling Real Estate

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Uday Raju
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how much does it cost to fix this house

Uday Raju
Posted May 17 2019, 15:14

Hi All,

Just want to know how people estimate  by looking at the property.

Here is link for the house ( says a duplex) example :

 https://www.redfin.com/CA/Hawthorne/3138-W-132nd-S...

How much does it cost to fix this house on high level. Based on the description. What will be your first thought (50k,100k,200k or 250k)

Just want to hear from the Guru's

Regards

Uday ( Enthusiastic learner )

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Uday Raju
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Uday Raju
Replied May 21 2019, 14:25
Originally posted by @Kyle Godbout:

@Uday Raju

Looks like a nice weekend project:)

Nice Sarcasm  Kyle  lol

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Replied May 21 2019, 15:41

@Uday Raju

I’m in Oregon. This “fixer” is $150-$200k, and you’re still going to end up with an undesirable property. You’ll attract the kind of people that will tear it right back apart.

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Anthony Rosa
  • Rental Property Investor
  • New York City
538
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703
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Anthony Rosa
  • Rental Property Investor
  • New York City
Replied May 21 2019, 16:23

Its the location that sells.  It may be cheaper to completely knock it down and sell the land. 

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Lee Bell
  • Real Estate Appraiser
  • Isabella lake, CA
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Lee Bell
  • Real Estate Appraiser
  • Isabella lake, CA
Replied May 21 2019, 17:23

Looks like bulldozer bait. How many units will zoning allow?

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Chris Purcell
  • Investor
  • Philadelphia, PA
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Chris Purcell
  • Investor
  • Philadelphia, PA
Replied May 21 2019, 21:11

@Uday Raju

What is the ARV?

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Stacy White
  • Rental Property Investor
  • Mobile, AL
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Stacy White
  • Rental Property Investor
  • Mobile, AL
Replied May 22 2019, 08:07

@Mark Perea

I’m in Saraland, Al. Good to see someone local on here.

You’re a contractor?!? I can always use a good contractor!

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Mark Perea
  • Contractor
  • Mobile, AL
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Mark Perea
  • Contractor
  • Mobile, AL
Replied May 24 2019, 05:40

Yes I am a contractor here in Mobile. Very Nice too meet you! I own Skyline Home Improvemnet. Check us out on Facebook. 

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Replied Jan 16 2024, 22:04
Quote from @Uday Raju:

Thanks everyone, You guys are amazing.


 Seems you made a huge profit. What were the final numbers?