#24 rental was purchased today

#24 rental was purchased today

Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes

this was a probate sale. it came on the market for 39.9k. not sure how long it was on the MLS for, but i offered 40k. was shocked to hear that they took my offer.

just closed on it a few hrs ago. i got $500 back because they didn't clean it at all.

budget - guessing around 17-20k, but we will spend whatever it takes to make it the nicest house on the block. ARV is around 100k, no garage though.

time? it will get completely cleaned/demoed and locked for a few months until we are done with #22 and #23, and maybe #25, which will be a flip. this one will sit on the back burner and simmer. but normally we can do this in 2 months or less. i try not to rush these things.

rent - projected around $1,

150 if i put a shed, since it has no garage.

not sure if you can see the rest of the pics if you follow the link - https://picasaweb.google.com/105275838861600742492...

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Shawnee Mission, KS · Member since 2016 · 716 posts · 313 votes
10y

Good luck,  when I get a house  latch on to it like a mad dog big passion  get up at 4am and work on it tell I am toast ,time is money 

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  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    10y

    weekend work.. 

  • Investor · Commerce Township, MI · Member since 2008 · 98 posts · 10 votes
    10y

    You can actually see the house now!  Nice work.

    What are your plans for the landscape?  Just keeping it simple?  How extensive will that porch repair be? 

  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    10y
    Originally posted by @Account Closed:

    You can actually see the house now!  Nice work.

    What are your plans for the landscape?  Just keeping it simple?  How extensive will that porch repair be? 

     since it's not a flip, it will stay like this. the porch will be repaired, it's actally leaning to the right a bit.

    we have special plans for this house, if they come to fruition, i will let you know. tiles and bath getting done this week, next is kitchen cabs and under cabinet lights. electrical is 90% complete

  • Investor · Commerce Township, MI · Member since 2008 · 98 posts · 10 votes
    10y

    I am curious, what does it cost to have that porch repaired?  Keep us posted on the rest of the progress, I am sure it will come out nice.  

  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    10y

    a few updates. shower tiles went in today

  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    10y

    kitchen tiles went in today as well.

  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    10y

    painting is 99% done. hardwood repair (lots of areas) is next.

  • Investor · San Jose, CA · Member since 2015 · 64 posts · 26 votes
    10y

    Kudos...those before pictures were intimidating...

  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    10y

    just about finished with this house....

  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    10y
  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    10y

    besides the porch and the siding in the front, this house is done.

  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    10y
  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    10y
  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    10y
  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    10y
  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    10y
  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    10y
  • Property Manager · Livonia, MI · Member since 2011 · 4k+ posts · 1k+ votes
    10y
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