Quote:
Originally Posted by MalkasGambit
Where are these 30k homes?
try the projects in any city in the midwest. i suggest you carry a gun. here is a random email I got from a wholesaler today:
PROPERTIES:
439 Adrian 63137, (Occupied) - $25,000
-2/1, 1008 Sq. Ft.
-Rented for $640 for over 4 years. Lease is currently month to month, and has been for 3 years. A new year lease can be signed with tenant as they want to stay.
What it needs:
-Some water is coming in from front basement wall when it rains. This is from the driveway grading bringing water toward the house. Issue is a result of improper water drainage and a small hole in the basement wall
-Bad front porch: concrete porch has cracked and sunk in in one area. Can be poured over to even it out, or removed and replaced.
317 Northridge 63137 (Occupied) - $26,000
-3/1.5, 1337 Sq. Ft.
-Rented for $700 over 4 years. Lease is currently month to month. Tenant has indicated that they like the house and want to stay.
What it needs:
-Gutters Cleaned
253 Crown 63137 (Vacant) - $25,000
-4/1.5, 1736 Sq Ft
This vacant house is HUGE and has a lot of charm. It needs the most work of any of the houses. It will be a very nice house when it's fixed. Was previously rented for $900.
What it needs:
-Gutter repair
-A square shaped hole is in the basement wall from copper thief's. This hole is allowing water to come into the basement. It looks like that is the only place where water is coming in from. Should be a simple and cheap fix.
-Copper from water heater to PVC water lines was cut. Needs a small amount of copper.
-The basic flip fix ups: Floors, wall repair, paint, kitchen and bathroom touch ups.
-AC condenser and cage
1930 Chambers 63136 (Vacant)- $23,000
3/1, 1092 Sq. Ft
-House is currently rented for $750. Tenant has kept the property in decent condition. She wasn't a messy tenant, just a bad paying tenant.
-House is in pretty good shape
What it will need:
-During heavy rain, water comes in from the back basement door. Needs to be sealed with waterproofing
-Possible roof needed eventually, though no water damage to ceilings spotted
-Light gutter repair/clean
1948 Chambers 63136 (Occupied Sec 8) - $30,000
-4/1, 2257 Sq. Ft.
-Rented at $840 Sec 8. Has been rented over 3 years. Most recent lease expires in 8 months.
-HUGE house!
What it needs:
-Has a lot of bushes and trees in the front yard that make the house almost invisible from Chambers.
-Minor siding and gutter work
-Broken window. Window is boarded up and doesn't seem to be a complaint for the tenant.
-Clean/repair gutters
-Will need a new stack eventually
10150 Mayfair 63136 (Occupied) - $28,000
-3/2, 1232 Sq. Ft. Month to month
-Rented at $725, previously rented at $875 with sec 8. Tenant wants to remain but she sometimes has trouble paying because of her job at a temp agency. Would recommend getting another tenant and charging more for rent.
What it needs:
-washer drain unclogged
-Gutters Cleaned
-Sliding glass door handle
-leaky outside water faucet
9941 Valley Dr 63137, Riverview (Vacant) - $22,000
-4/1, 1118 Sq. Ft.
-Was rented for $640 for 2 years tenant is moving out this week. It can rent for at least $750.
-Needs rehab work.