The lovely Mrs_Bob is sick and tired of teaching. Wants to try something else.
She has a sister who doesn't have a job, but has worked as a "handy man" doing odd jobs for the past couple of years. She can set tile, paint, do drywall repairs, replace a faucet, wire a light fixture, etc. And she is SUPPOSED to pay me rent for living in our garage apartment but that has not happened in quite some time.
I've flipped some townhouses, houses, commercial buildings, etc so we are not going into this without any experience, but this is going to be my wife's project. With her sister.
I bought the house at auction for $82K. Gave her a $20K budget. Comps in the area are running about $135-145,000. Hoping to get the house repaired and dressed up in budget and then list it below market for a quick sale. Looking for $129K.
This one needs a roof. Garage is detached and needs work. Probably needs kitchen cabinets replaced, or at least re-faced and doors/drawer fronts replaced along with new countertops (laminate NOT granite in this neighborhood). Some paint and some drywall repairs. Hopefully not much more.
Anyone else do this?
If YES, how many do you do a year? I told my wife that if she could do 3 to 5 a year it would totally replace her teaching income.
She has a sister who doesn't have a job, but has worked as a "handy man" doing odd jobs for the past couple of years. She can set tile, paint, do drywall repairs, replace a faucet, wire a light fixture, etc. And she is SUPPOSED to pay me rent for living in our garage apartment but that has not happened in quite some time.
I've flipped some townhouses, houses, commercial buildings, etc so we are not going into this without any experience, but this is going to be my wife's project. With her sister.
I bought the house at auction for $82K. Gave her a $20K budget. Comps in the area are running about $135-145,000. Hoping to get the house repaired and dressed up in budget and then list it below market for a quick sale. Looking for $129K.
This one needs a roof. Garage is detached and needs work. Probably needs kitchen cabinets replaced, or at least re-faced and doors/drawer fronts replaced along with new countertops (laminate NOT granite in this neighborhood). Some paint and some drywall repairs. Hopefully not much more.
Anyone else do this?
If YES, how many do you do a year? I told my wife that if she could do 3 to 5 a year it would totally replace her teaching income.