Below is a link to a house ... its a home video. What do you think? Should I buy it? Its sitting on 4 Acres of commercial/residential property ... probably would appraise for 130,000 --- buying for 45,000. The trim looks purple, but its actually a blue/grey. Rear of the house has now been finished repainting.
http://www.watersedgedewitt.com/emailablewalkaround.wmv
2007-06-24 08:29:28 · 9 answers · asked by Jason E 2 in Business & Finance ➔ Renting & Real Estate
Without seeing the interior of the home - hard to say. Assuming the interior is acceptable and there are no major structural defects and it doesn't need a complete gutting... I'd say it is a good deal. 4 Acres is a lot of land and if it is zoned for both commercial and residential then you have some great options available to you.
Even if you put nothing down, at $45000 your mortgage payment would be about $300 @ 7% and you may be able to do better than that. You could rent it out for a profit. Or you could improve it further and flip it for a profit - depending on the sales stats in the area....
Good Grief man, it's Sunday - I feel like I am at work... :-)
Good Luck!
2007-06-24 08:55:41 · answer #1 · answered by lexy 5 · 0⤊ 0⤋
The house does nothing for me at all. The extension at the rear seems to be in pretty shaky condition and the side near where it's attached looks pretty rough. The siding on the rear is a mishmash of patch job repairs and the old chimney looks highly questionable.
Most of the value is probably in the land area and the zoning. I'd pay $45k for it, but the house would come down in a NY minute.
2007-06-24 15:51:27 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
The area of the property is OK, but you have to check further in the house what about boiler , a termite inspection. Are you handy or you are willing to pay extra to refurbish property.After that You would have an answer and surely you would know if it is a good investment.
2007-06-24 15:43:43 · answer #3 · answered by chalaca 1 · 0⤊ 0⤋
hard to tell from that video showing only out side shots.
how much work needs to be done on the inside?
out side can use some work too ,but the price is right if the value is actualy $130,000. I would buy it but I like fix-ups
2007-06-24 15:44:33 · answer #4 · answered by lost in az 3 · 0⤊ 0⤋
I would say that if its something that you are willing to put the money into and fix it up..... then go for it.. By the looks of it,it needs a lot of work. By your numbers it doesn't sound like a bad price at all.
Good Luck!
2007-06-24 15:43:30 · answer #5 · answered by Rachel 4 · 0⤊ 0⤋
I agree with another poster. Whatever server you're using for that movie is pathetic. Not going to waste my time waiting.
2007-06-24 16:20:21 · answer #6 · answered by acermill 7 · 0⤊ 0⤋
there are no footage of the inside and the out side needs alot of work.....and also please watch flip this house on a&e....if you cannot make at least triple the amount you put on it and into it then its not worth your time and theres no telling on what problems there are on the inside after you try to rehab it so yu need to reconsider....or at least i would
2007-06-24 15:45:41 · answer #7 · answered by wendy p 3 · 0⤊ 0⤋
Takes to long to download so I ain't going to bother.
2007-06-24 15:34:13 · answer #8 · answered by Anonymous · 0⤊ 1⤋
If it looks too good to be true, it probably is..
2007-06-24 15:35:12 · answer #9 · answered by madgooner 4 · 0⤊ 0⤋