Just got a deal presented to me. A free house 3 bedrooms 1 bath. But, it needs moved.
Here's the deal. I have been given a 1000 sqft house, built in the 1950's. It's solid throughout. It needs moved. It needs renovated. Floors are solid hardwood which can be refinished. Needs plumbing... fixtures, new kitchen as well. Also, I know the entire lifes history and who built the house as well as several others in the area.
So, I want to add 500 sq feet to it and a full basement. After done, it will have 5 bedrooms and full basement with total living space of 2500 sq feet. The cost to move, puchase a new lot and renovation, $50-70K. Will sell for $120-$150. How's that for a deal? I've got another located... same deal too. But, at this point I'm not sure how fancy I want to do. What do ya'll think?