I'm into this place for 25K, probably cost me 50 to 75 to bring it to market.
Obviously you are dailed in...
Just a thought that many never actually consider... I have sold RE "Investors ONLY, Cash sale ONLY" and done quite well.
Lots of folks out their hustling the "headroom profit."
Good luck.
Not sure I understand your thought process with that?
We relocated... couple of houses to sell (I also sell houses for a profit).
$250k invested on one and needed "85k to bring it to market" (i.e. pass lender's inspection and appraisal et al) Sold it at $415k for cash and closed in 11 days by cell phone in my living room. Buyer put his lipstick on that pig and resold it at $520k 45 days later.
If interest rates tick up from 2.8% to 5%... the market drops and the selling price as well... these are just opinions.
Have another one to cut loose $350k (again no good on passing lender's inspection and appraisal et al)... I have some GC friends that will do a "Headroom Contract" with me... they do whatever improvement they want to the house and property (6 acre horse farm next to Quantico USMC). The have a blank slate to improve the property (new doors and windows, new HVAC... OR NOT... whatever they want to do to bring the house to market... 100% on them). Once the property is "ready to hit the market" I list it... It sells at $550k+/- and I get my $350k and they get their "Headroom" between $350k and $550k... or more if they go crazy of carve off extra lots etc.
That kinda thing...
Sorry I was nor clear beforehand.
