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RandalFlagg
Stranger

Registered: 06/15/02
Posts: 15,608
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Anybody here a contractor or a house rehabber?
#7774197 - 12/18/07 03:17 PM (16 years, 1 month ago) |
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I am thinking of buying foreclosed, sheriff's sale, or run-down properties and fixing them up and selling them. Does anybody here have experience with fixing up houses or selling houses in such a fashion? What are some pointers that you could give me? PM me with any good info.
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coda
Banjo Goiter



Registered: 03/20/01
Posts: 8,750
Last seen: 10 months, 3 days
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Re: Anybody here a contractor or a house rehabber? [Re: RandalFlagg]
#7774213 - 12/18/07 03:22 PM (16 years, 1 month ago) |
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honestly if you don't know jack then the best thing to do is get someone to appraise the value of the house, then, get a contractor to do an estimate of the repairs needed. Then you have to take a look at the market value of the house, obviously if the repairs drive the cost up over the value it's not worth it.
There are bunch of shows on TLC about this, flip this house is one of them.
-------------------- To get really high is to forget yourself. And to forget yourself is to see everything else. And to see everything else is to become an understanding molecule in evolution, a conscious tool of the universe. And I think every human being should be a conscious tool of the universe. . . . -JG i really am glad you came back to us instead of taking the other path. *hug* -A_S (RIP your final words to me will never be forgotten)
 Don't fuck with the laughing jesus.
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RandalFlagg
Stranger

Registered: 06/15/02
Posts: 15,608
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Re: Anybody here a contractor or a house rehabber? [Re: coda]
#7774222 - 12/18/07 03:25 PM (16 years, 1 month ago) |
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Well, I actually have the fixing up the house part nailed down fairly well. I'm an electrician and I know people who can do drywall, windows, etc.. Although, I am not a skilled contractor so I am unable to go into a place and say how much it would cost to fix the place off the top of my head.
My main questions relate to the procedures on obtaining a house from a sheriff's sale. Are you responsible for all liens against the property? Is the bidding open or closed? I called the Sheriff's office and they weren't helpful.
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coda
Banjo Goiter



Registered: 03/20/01
Posts: 8,750
Last seen: 10 months, 3 days
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Re: Anybody here a contractor or a house rehabber? [Re: RandalFlagg]
#7774232 - 12/18/07 03:27 PM (16 years, 1 month ago) |
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hmmm, im not to sure on that i've never been to an auction like that before. Have you tried wiki? If there's a lien against the property im tempted to say the sale of the house at auction would take care of that? The people with the lien would collect from the auctioneer because i think it's illegal to sell something without having proper title to it.
-------------------- To get really high is to forget yourself. And to forget yourself is to see everything else. And to see everything else is to become an understanding molecule in evolution, a conscious tool of the universe. And I think every human being should be a conscious tool of the universe. . . . -JG i really am glad you came back to us instead of taking the other path. *hug* -A_S (RIP your final words to me will never be forgotten)
 Don't fuck with the laughing jesus.
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WakeboardrB
Pepe Silvia



Registered: 05/18/03
Posts: 13,678
Last seen: 11 years, 6 months
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Re: Anybody here a contractor or a house rehabber? [Re: RandalFlagg]
#7774237 - 12/18/07 03:28 PM (16 years, 1 month ago) |
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The first rule is it will never be as easy as it seems. Prepare for a shitload of stress and sleepless nights.
The more you rely on others to do the work for you, the more stressful it will be.
-------------------- Same thing happened to me when I played Neil Armstrong in Moonshot. They found me in an alley in Burbank trying to re-enter the earth's atmosphere in an old refrigerator box.
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avidpicker
funnycolorsinmymushrooms



Registered: 08/08/06
Posts: 1,388
Loc: Mushroom Mountain
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Re: Anybody here a contractor or a house rehabber? [Re: WakeboardrB]
#7774295 - 12/18/07 03:44 PM (16 years, 1 month ago) |
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Be prepared to battle lawyers with an unlimited amount of money at sheriff sales,speaking from experience.
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