Thursday, September 28, 2006

Here's something I thought I'd never do

I stopped in on an open house last weekend. It was a 1950's house that needed complete updating -- everything was original. It would be a pretty big rehab job. I never even thought about rehabbing a house, but after watching so many seemingly incompetent people on 'Flip That House' on TLC make money, I've been wondering if it is something I should look at.

This person is very motivated (it is an estate sale) and I should be able to do the 70%*ARV-repairs price. I also talked to a General Contractor from the local investor REIA group, and I think it would work out where I could do this without putting in all of my own time.

Now - where to get the money...

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