OfflineWe are in the process of buying another property, but this one has somewhat of an ironic twist to it.
We initially bought this house in 12/06 for 65K. It was one of the typical retirement properties we've done several times; 2 bed, 1 bath, 1 car, with separate den & about 1110 sq. ft. living area under central a/c. Did a total rehab on it, new kitchen cabinets, counters, appliances, new bath fixtures, water heater, central a/c unit, light fixtures, paint, carpet, & ceramic tile. Put about 10K into the property. Sold it 5/07 for 92K. Not a bad profit of 17K.
While doing our normal research of probates, we noticed that the buyer had passed away. We wrote a letter to the relatives expressing our condolences & was wondering if they would like to sell the property. They responded that they would be interested, & would be down to go through the house.
We met them at the property, found they were overwhelmed with all the debris in the house. Since they are out of the area,& only here for two days, we offered to take away the garbage. When hearing that, they agreed to our offer of 27K ... Jill, my son Joe, & I went down with our cargo van & utility trailer & loaded up the stuff.
Jill & I went through the stuff today & found a lot of items that could be sold at a yard sale or consignment store. So not only going that extra step to help the out of town relatives closed the deal, but
even let us make a couple hundred bucks extra. Not to mention what happens with the property itself.
Another Deal for Jill & Gary with an Ironic Twist
Posted on: Mon, 03/07/2011 - 02:31
Another Deal for Jill & Gary with an Ironic Twist
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- by gceriani
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Don't be greedy-help ppl
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
Wrote:
It goes to show, don't "burn any bridges"; deal fair; & people will always
want to do business with you.
I enjoy reading your post and respect the way you conduct business. If all other 'investors' practiced/operated this way, investors would have a better reputation and wouldn't be looked at as low ballers or rip offs or thieves stealing properties.
Keep up the 'Good' work.
Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools
We would rather make less money, treat people fairly, & never have to worry
about someone saying we took advantage of them. Despite this being a "business" we have remained friendly with all of our sellers & buyers, & have never tried to avoid somebody if you happen to run into them in a store.
Ready to flip, property is already cleaned out & all minor repairs are done. The total cost for repairs was around $ 90.00 !!!
Have already made about $ 2000 having an estate sale; should make about $ 10,000 profit on the house; but with could make $ 20,000 on the collectibles left behind !