Originally Posted by
Velo Vol
According to my Infusion Center HGTV watching, the way to go would be to spend $80,000 knocking out the inside walls, redoing the kitchen, bathroom, fixing the porch, fence, adding a few plants, and then sell it for $520,000.
That might work, actually. One problem is the owners don't want to spend anything on it and were considering letting it go to foreclosure. The other thing is who knows how bad it is until they get in there. If the roof has been leaking for years there could be a lot of hidden damage.
On the other hand, people might show up today and start bidding against each other because that's the market here.