Hoarder's home turned out to be a great deal

Hoarder's home turned out to be a great deal

Specialist · Joplin, MO · Member since 2019 · 79 posts · 58 votes

Investment Info:

Single-family residence private money loan investment in Joplin.

Purchase price: $39
Cash invested: $10,000

This house had been on the market for quite a while. nobody was interested because it has so much junk inside. the previous homeowner was a hoarder and made the house pretty unappealing. this turned out to be a boone for me because I was able to get it at a ridiculously good price. nothing was majorly wrong this the house. We put a minor facelift on it after some highschool boys maybe $500 dollars to clean it out.

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  • Specialist · Paradise Valley, AZ · Member since 2018 · 3k+ posts · 2k+ votes
    7y
    Originally posted by @Sawyer Smith:

    Investment Info:

    Single-family residence private money loan investment in Joplin.

    Purchase price: $39
    Cash invested: $10,000

    This house had been on the market for quite a while. nobody was interested because it has so much junk inside. the previous homeowner was a hoarder and made the house pretty unappealing. this turned out to be a boone for me because I was able to get it at a ridiculously good price. nothing was majorly wrong this the house. We put a minor facelift on it after some highschool boys maybe $500 dollars to clean it out.

     Congratulations, smart buy!

  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    7y

    good one.. only difference in your market and mine is I pay 150 to 250k for hoarder houses that I end up having to demo

    nice one :)

  • Rental Property Investor · Denver, CO · Member since 2018 · 30 posts · 11 votes
    7y

    wow!!! this is amazing! 

  • Drew McCluskeyPro Member
    Rental Property Investor · Rolla, MO · Member since 2019 · 19 posts · 13 votes
    7y

    That’s so awesome! I’m gonna have to start looking for hoarders in my city... 

  • Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
    7y

    If they let it fall into such a mess they often don't care how much it sells for. I 

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