My wife and I, went in with a friend, and bought a townhouse in a very upscale community to flip. The townhouse is located in Munster, IN, a town with some of the best schools in the state, some of the highest retail prices in the state, and a great local reputation. Picked it up for $126,001.00. Won the auction by $1.00.
There are other units that were for sale on the same street, all in the $185-$195,000 range. Our hope is to fluff this up with no more than a $5000 to $7500 investment, and move it quickly for about $170-$175,000.
From what I gathered from the neighbor, the owner went into a nursing home. She kept the unit in beautiful condition, and then the kids trashed the unit with a party or parties. The bank ended up repossessing it, in the process of the foreclosure the dishwasher vanished, parts from the range also vanished, but they left clean clothes in the dryer!?!
I've filled up my SUV 3 times and run useful things to GOODWILL that can go there. There are probably no less than 20 large "lawn & leaf" size trash bags staged in the garage that need to be hauled to the dump. Tomorrow we start cutting up some of the carpets to haul them out.
What a freakin mess
There are other units that were for sale on the same street, all in the $185-$195,000 range. Our hope is to fluff this up with no more than a $5000 to $7500 investment, and move it quickly for about $170-$175,000.
From what I gathered from the neighbor, the owner went into a nursing home. She kept the unit in beautiful condition, and then the kids trashed the unit with a party or parties. The bank ended up repossessing it, in the process of the foreclosure the dishwasher vanished, parts from the range also vanished, but they left clean clothes in the dryer!?!
I've filled up my SUV 3 times and run useful things to GOODWILL that can go there. There are probably no less than 20 large "lawn & leaf" size trash bags staged in the garage that need to be hauled to the dump. Tomorrow we start cutting up some of the carpets to haul them out.
What a freakin mess