Question Details

Rick Stroud, Real Estate Pro in 29662

why do you like fixer uppers?

Asked by Rick Stroud, 29662 Fri Aug 24, 2012

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30% ROI on y down payment.
HOW - you may ask?
250K purchase with 20% down. ($50K) Positive cash flow allows the mortgage to be paid off in 11 years.
Cash flow after taxes, insurance and maintenance is $16,000 - yr.
0 votes Thank Flag Link Fri Aug 24, 2012
Well Rick, personally a fixer upper is not for me but as an agent I have clients that have many reasons for likeing them
They can make them thier own
They can do-it-themselves and save money
They just like a project
They hope to flip it
Have a great weekend
0 votes Thank Flag Link Fri Aug 24, 2012
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