Would I be able to sell this for a profit in 5 years ?

[Akanksha Shrivastava]

Hi, 

This home is listed for $700K in Livermore. Given people are leaving bigger cities (such as SF and whole of Peninsula),with few minor repairs, Wood flooring (remove tiles), bit of updating (such as add a Smart refrigerator) and landscaping - would I be able to sell this for profit ? What should be my offer price ?

[Jay Hinrichs]

Originally posted by @Ben Lapane:

@Akanksha Shrivastava

I would run like hell from a house that is 700k unless that is considered “entry level” housing in your area.

I only invest in blue collar housing because that price range has the most buyers and I know I can get the most equity capture for the least amount of money out of pocket.

If your a multi-millionaire forget this post because your an accredited investor and can afford to lose 20k no problem.

700k you are looking at super sophisticated buyers who will nail you so hard on inspections you can lose your shirt quick.

700k in the SF bay area  ( which is where Livermore CA is) is starter housing and would be the same as a 150k house in most of Texas