Sentences with phrase «bought in a bad neighborhood»
Did a few rehabs which I lost over $ 10k on them each, bought in a bad neighborhood and had to sell quickly as to not incur more costs, so sold it to an investor who wholesaled it.
http://www.smartrealestatecoach.com/ Not exact matches
The classic rule of buying the worst house in the best neighborhood still applies.
In fact, most will advise you to buy the worst house in the best neighborhood you possibly can... assuming you're willing to put in some elbow grease and pay for a few renovations..In fact, most will advise you to buy the worst house in the best neighborhood you possibly can... assuming you're willing to put in some elbow grease and pay for a few renovations..in the best neighborhood you possibly can... assuming you're willing to put in some elbow grease and pay for a few renovations..in some elbow grease and pay for a few renovations....
I struggle because I have lived in a rough neighborhood and hated seeing slumlords buy dumpy homes and put bad renters in them.
My research suggests that most Turkey companies buy some junky foreclosure for pennies in a B -(or worse) neighborhood, do a poor quality rehab project (because hey, after all, it only has to look good to the out - of - state buyer, who'll likely never know that the drywall is from China and is spewing fumes, along with the cheap laminate which offgases enough formaldehyde to start your own chemical factory...) and THEN the Turkey co. says, wow - all I have to do is price this over retail and promise easy returns, and some out of state buyer will fall for it.