My first potential "fix-n-flip" property took a different turn. Could use some advice from investor/rehab experts-has anyone put in a bid on a Demolition/tear down? The construction specialist guy that showed up-he and his partner were much more knowledgeable than me-said the property is not salvalgeable. It needs to be demolished to the foundation; and a new house would have to be built. It was a 2BD 1Ba 650sq ft "house"(termed loosely) with working avail elect and plumbing. Even had leaking gas. Price wanted via agent $47500; Comps at deans website showed around $70K -$100k depending on which website I use (zillow; eappraisal;etc.). My investor partner mentioned "offer of 20K" to demo it--has anyone done one of these?
JER 29:11 Thoughts of Hope; thoughts of a blessed Future