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All Forum Posts by: Cathy Waslenko Anderson

Cathy Waslenko Anderson has started 3 posts and replied 25 times.

1. Pay a general contractor for their time. Offer a $200 to estimate the items from the report. 
2. Get estimates for big ticket items such as roof, HVAC, etc. from specialized contractors. 
3. Use Google to get ballpark estimates. 
This strategy should help you determine whether the house numbers will work or not. 

Congratulations and great job for sticking with it through this crazy real estate market.

Quote from @Jorge Esteban Vargas:
Quote from @Cathy Waslenko Anderson:

After selling real estate for 20+ years, my husband and I finally purchased a flip property in the Bucks County, PA area. He's a union plumber and I'm an agent. We have years of experience working with investors flipping homes but we finally bought one ourselves.  It took 18 months to close this off-market deal. We're finished with demo and permits have been approved.  We can't wait to start the remodel!

Congrats! Just curious, why did it take so long to close? 

 The owner was in a nursing home for 4 years. Her daughter was tasked with cleaning it out and selling it. The placed hadn't been cleaned for 50 years (no joke) and was filled with a lifetime of stuff that the daughter had to deal with. The daughter was a bit of a hoarder herself and had filled the garage 6 feet high.  She refused to throw anything out!  My husband and I agreed to help her move the belongings to a storage unit near the daughter's house an hour away. This way she wasn't rushed to go through everything.  All in all we took 3 trips with a 24' enclosed trailer and filled up 2 large storage units. It took a lot of time and energy, but we finally got her out. We closed 10 days later.  Do what it takes!

After selling real estate for 20+ years, my husband and I finally purchased a flip property in the Bucks County, PA area. He's a union plumber and I'm an agent. We have years of experience working with investors flipping homes but we finally bought one ourselves.  It took 18 months to close this off-market deal. We're finished with demo and permits have been approved.  We can't wait to start the remodel!

In my area of SE Pennsylvania many investors advertise "we buy houses".  Keep your eye out for signage on trucks, buildings and advertising.