LP too low?
We just finished a remodel of a 3/2 Cape on Cape Cod which was an REO that we purchased 30 July. The two Realtors (one Broker) who viewed it thought that it was great, right down to the choice of colors. The other tried to get me to work for her remodeling. I'm torn between renting it (I have a Section 8 in place for November, and HUD paying $1502/mo) or flipping it and buying two more. With the help of Craigslist, I'm into the house for 202-203K. I mention Craigslist since where else can you find new kitchens and appliances for short $? The house is assessed
by the town for $273K, I threw it up on Craigslist for $249,900 and got one tire kicker. I pulled the ad for two days, then relisted at $264,900 and have two showings Saturday. I've done this with cars, boats, and antiques literally doubling the price and you get a whole new croud. Will it work with houses?