All Forum Posts by: Ashley Childers

Built in 1991, this Jim Walter’s Home has been through a string of bad tenants and neglect. Exterior: Repair siding/soffit where needed, pressure wash and paint, add some landscaping. Interior: minor drywall repairs, replace damaged interior doors, paint, replace flooring throughout. Kitchen: replace cabinets, counters and appliances. Bathrooms: replace vanities, toilets, refinish/clean tub/shower units. Repair/replace HVAC if needed. Offers must be cash or verified hard money, $5,000 non refundable deposit.

Nice and easy fix and flip, the home would easily pass FHA inspections as it is. Newer roof, good HVAC. Only needs the hardwood floors refinished, update/replace the vinyl flooring in the kitchen and bath, drywall a couple of walls, paint and appliances. Estimate $15k in repairs/upgrades, I have a fresh certified appraisal showing an ARV of $128,000 which I believe is conservative and low (as appraisals tend to be when projecting ARVs). I am listing the home on MLS in a few days for $99,000, I am taking offers until then. Pictures are available online on Zillow from the last time the home was on the market some years ago, it looks pretty much the same as now.

Sorry I missed your PM McKenzie, I was in Dallas. Send me what you have, I’m active and ready

Welcome to town Tyler!

Welcome Ryan, I'm based in Candler just on the other side of Asheville from you

I played with that link, then I found another one to try but without some kind of real property address in that county I can't be sure if it will work or not

https://www.tad.org/property-search/

Good luck!

Congratulations to you both, that is wonderfully inspiring! Keep it up, be persistant and keep setting new, specific goals. Good luck!

There are many, many things, everything is negotiable. Sometimes by letting them 'win' by paying their price, they will concede to so much more than the extra price you're paying. The options really kick in when owner financing is on the table. Amount of down payment, rate, length of term, structure of payments, personal items included with the sale (could be furniture, could be a vehicle, goats haha, who knows?), closing timeframes, seller performed or funded repairs, closing costs, etc. You're only limited by your imagination. Early in 2015, I purchased a commercial property for $500,000, about $150,000 more than current market value. But by agreeing to pay that much more, not only did the seller owner finance $460,000 of the price, but I was able to negotiate the interest rate from 6% to ZERO. This is not a flip property, but a long term buy and hold where another business I own is the tenant. I will save well over $400,000 in interest over the life of the loan, and market value is coming close to catching up with my inflated purchase price. This is an extreme example of course, but it worked for my needs and goals

Rehabbing for rentals.. not too bad an idea. Rehabbing for flips? That's a tougher one. If they are cheap enough and you can keep your total investment down, you could owner finance or rent to own them to your buyers. If that isn't workable, keep in mind that it is a lot more difficult for a buyer to obtain reasonable financing for pre-owned mobile homes, so it could cut your potential market way down. It can be done successfully either way, just do your homework. But that applies to everything, good luck to you!