4 bdrm 3.5 bath 3400 sq ft REO purchased in midwest. Has granite counters, huge upper bonus room with 12ft+ ceilings (being painted in photo), tons of other features. Purchased for $259,000 or $266,000 when excluding repair credit.
user12345 said: Homeownerton said: NachA said: wow. that is one amazing house! where in the midwest is it exactly?
Thanks, its in a golf-course community in the town of Eureka MO, which is on the outside of the St Louis metropolitan area.
nice house, although I would prefer a usable backyard and brick exterior agreed on the usable backyard...you have to mow the slope, but you cant use it. it's like the worst of both worlds! perhaps if you got a mountain goat as a pet, you could solve both those problems
otherwise, pretty nice house....what was the 2005-7 price?
Homeownerton
New Member
posted: May. 7, 2009 @ 4:32p
solarUS said: agreed on the usable backyard...you have to mow the slope, but you cant use it. it's like the worst of both worlds! perhaps if you got a mountain goat as a pet, you could solve both those problems
otherwise, pretty nice house....what was the 2005-7 price?
Jeez, remind me not to invite you to the house warming party The slope is there but its not as bad as you make it out to be. Besides the front yard is flat and the subdivision pool, tennis courts, and playground are down the street for backyard activities. I don't know why I am defending myself though, no house is perfect in every way, this one meets most of my particular needs and the price was right so I bought it. You should post 10-12 pics of one of your houses to make the thread more interesting!
2002 - built new for $350,000 2005 - sold for $435,000
Sanddollar
Member
posted: May. 8, 2009 @ 2:48p
Homeownerton said: solarUS said: agreed on the usable backyard...you have to mow the slope, but you cant use it. it's like the worst of both worlds! perhaps if you got a mountain goat as a pet, you could solve both those problems
otherwise, pretty nice house....what was the 2005-7 price?
Jeez, remind me not to invite you to the house warming party The slope is there but its not as bad as you make it out to be. Besides the front yard is flat and the subdivision pool, tennis courts, and playground are down the street for backyard activities. I don't know why I am defending myself though, no house is perfect in every way, this one meets most of my particular needs and the price was right so I bought it. You should post 10-12 pics of one of your houses to make the thread more interesting!
2002 - built new for $350,000 2005 - sold for $435,000
if we are to encourage rich-media , informative interesting posts like this with pics, details from owners and those actually doing it, criticizing those who post them is NOT the way to do it.
Yes there is a bit of bragging involved, but GET OVER IT. Use the information those who are willing to volunteer for you own personal gains, or dont. But dont hate on those that are doing it.
MikeR397's thread about car deals turned out even worse. He was justifiably proud of his nice car and FWF-way of obtaining it, and a bunch of jealous haters ruined the thread.
I and others could post a ton more pics, details etc, but not when the audience is going to give this kind of reception. Grow up people.
Xstation
Member
posted: May. 8, 2009 @ 7:51p
yes.
Homeownerton
New Member
posted: May. 8, 2009 @ 8:45p
SUCKISSTAPLES said: I and others could post a ton more pics, details etc, but not when the audience is going to give this kind of reception. Grow up people.
There have been positive responses scattered in the thread too, plus everyone's pictures have received a lot of silent green. I for one am curious to see the housing purchases made by SIS and the other property investing FWFers, even if they post under an alt
glxpass
Senior Member - 5K
posted: May. 8, 2009 @ 9:28p
SUCKISSTAPLES said: what a bunch of haters in this forum.
if we are to encourage rich-media , informative interesting posts like this with pics, details from owners and those actually doing it, criticizing those who post them is NOT the way to do it.
Yes there is a bit of bragging involved, but GET OVER IT. Use the information those who are willing to volunteer for you own personal gains, or dont. But dont hate on those that are doing it.
MikeR397's thread about car deals turned out even worse. He was justifiably proud of his nice car and FWF-way of obtaining it, and a bunch of jealous haters ruined the thread.
I and others could post a ton more pics, details etc, but not when the audience is going to give this kind of reception. Grow up people. I totally agree. This is one thread (the car deals thread is another) where the old maxim holds: "If you don't have anything nice to say, then don't say anything at all."
Criticizing the style or architecture of someone's home is like criticizing someone's favorite food. It's a matter of taste and totally subjective. Someone's negative opinion of my home doesn't matter to me; on the other hand, when someone compliments my home, naturally they are very perceptive indeed.
Homeownerton said: solarUS said: agreed on the usable backyard...you have to mow the slope, but you cant use it. it's like the worst of both worlds! perhaps if you got a mountain goat as a pet, you could solve both those problems
otherwise, pretty nice house....what was the 2005-7 price?
Jeez, remind me not to invite you to the house warming party The slope is there but its not as bad as you make it out to be. Besides the front yard is flat and the subdivision pool, tennis courts, and playground are down the street for backyard activities. I don't know why I am defending myself though, no house is perfect in every way, this one meets most of my particular needs and the price was right so I bought it. You should post 10-12 pics of one of your houses to make the thread more interesting!
2002 - built new for $350,000 2005 - sold for $435,000
Just purchased this home in Northwest Fort Worth, Texas. 4800 square feet five bedroom with an excellent media room (which will eventually contain the equipment to use it), study and game room. House has solar screens so hopefully the Texas summers won't kick the crap out of my electricity bill.
The exterior is almost fully bricked and trimmed with austin stone. Three car garage with wood paneled insulated garage doors. Pretty decent sized .5 acre lot that has a full sprinkler system.
It was a foreclosure but needs minimal work. Paid $252,000. Peak price was $374,000. Decided to get my realistic dream home and locked in a 4.5% interest rate.
this is a flip i did from July-December of last year. It was an absolute sh1tbomb when i bought it, and i think it turned out pretty well. i just sold it yesterday for a decent profit. here are the befores:
DamianEX said: Just purchased this home in Northwest Fort Worth, Texas. 4800 square feet five bedroom with an excellent media room (which will eventually contain the equipment to use it), study and game room. House has solar screens so hopefully the Texas summers won't kick the crap out of my electricity bill.
The exterior is almost fully bricked and trimmed with austin stone. Three car garage with wood paneled insulated garage doors. Pretty decent sized .5 acre lot that has a full sprinkler system.
It was a foreclosure but needs minimal work. Paid $252,000. Peak price was $374,000. Decided to get my realistic dream home and locked in a 4.5% interest rate. Great find! Consider posting your foreclosure experience in the Home Buying: Best way to find foreclosers and best prices thread. I'd be very interested in hearing how you found it and how much work was involved in actually buying the house.
solarUS said: user12345 said: Homeownerton said: NachA said: wow. that is one amazing house! where in the midwest is it exactly?
Thanks, its in a golf-course community in the town of Eureka MO, which is on the outside of the St Louis metropolitan area.
nice house, although I would prefer a usable backyard and brick exterior agreed on the usable backyard...you have to mow the slope, but you cant use it. it's like the worst of both worlds! perhaps if you got a mountain goat as a pet, you could solve both those problems
otherwise, pretty nice house....what was the 2005-7 price?
SUCKISSTAPLES said: Hey Solar, awesome flip! What was the reno cost? DIY or paid contractors?
Love the updates, is that a stickon stainless steel applique to the existing dishwasher or a new unit?? looks like a new unit. The interface is different.
SUCKISSTAPLES said: Hey Solar, awesome flip! What was the reno cost? DIY or paid contractors?
Love the updates, is that a stickon stainless steel applique to the existing dishwasher or a new unit?? cost about 12k all-in. none of the big items were bad - AC/roof/water heater/electrical/plumbing/windows/doors/foundation - all good. mostly cosmetic...granite counters (cost $700 total) with undermount sink, euro faucet and custom backsplash...hand-scraped elm floors plus marble in the baths...scraped all the popcorn ceilings, all new frieze carpet in the bedrooms....painted every wall and piece of trim, installed about a half-dozen can lights, replaced 3 toilets, vanities and mirrors, sodded the back, dug a drywell for drainage, replaced a fence, installed gutters w/ a rain barrel...and then staged.
only thing i paid someone to do was the carpet, the granite sinkhole cuts ($50 total for a local guy - requires a special bit), and about $500 in drywall repair (the go%$#mn wallpaper didnt come off cleanly and he skimcoated the walls)...oh and the front gutter cleaning ($125) because it was 30' up and scaffolding is a PITA.
there wasnt a single interior surface that wasnt redone...the only fixtures that remained were the bathtubs (recaulked), the kitchen cabinets (painted and repaired them and put on new hinges and handles), and one light fixture that was actually nice.
was it worth the time invested? probably not. i made about 3x as much on the last one, but it was in much worse shape and i got it much cheaper.
dishwasher was pulled from my primary res....it's about 3 years old but looks fine. i put a stainless tub unit in my house (cost $299, got it on a promo)
the fun thing about DIY flips is that you learn so many skills that you can use forever. Only the most skilled tasks, or the really backbreaking work would i sub out...that is, unless i up the volume.
solarUS said: cost about 12k all-in. none of the big items were bad - AC/roof/water heater/electrical/plumbing/windows/doors/foundation - all good. mostly cosmetic...granite counters (cost $700 total) with undermount sink, euro faucet and custom backsplash...hand-scraped elm floors plus marble in the baths...scraped all the popcorn ceilings, all new frieze carpet in the bedrooms....painted every wall and piece of trim, installed about a half-dozen can lights, replaced 3 toilets, vanities and mirrors, sodded the back, dug a drywell for drainage, replaced a fence, installed gutters w/ a rain barrel...and then staged.
only thing i paid someone to do was the carpet, the granite sinkhole cuts ($50 total for a local guy - requires a special bit), and about $500 in drywall repair (the go%$#mn wallpaper didnt come off cleanly and he skimcoated the walls)...oh and the front gutter cleaning ($125) because it was 30' up and scaffolding is a PITA.
there wasnt a single interior surface that wasnt redone...the only fixtures that remained were the bathtubs (recaulked), the kitchen cabinets (painted and repaired them and put on new hinges and handles), and one light fixture that was actually nice.
was it worth the time invested? probably not. i made about 3x as much on the last one, but it was in much worse shape and i got it much cheaper.
dishwasher was pulled from my primary res....it's about 3 years old but looks fine. i put a stainless tub unit in my house (cost $299, got it on a promo)
the fun thing about DIY flips is that you learn so many skills that you can use forever. Only the most skilled tasks, or the really backbreaking work would i sub out...that is, unless i up the volume.
I do a lot of work myself also. Buy you have taken it to another level. So many people are scared to get their hand dirty. Very impressive.
REALLY impressed how you saved the kitchen cabinets and added the granite and faucet. They really look good.
Here are some of my latest rentals. Yeah, I'm a slumlord, but you show me something with a better return!! (and less headaches!!)
First Picture is a four unit. We call them "Quads" around here. Paid 78K for it. Was an REO. Put 8K into it. Gross 2000 a month (500 a door) Bought Sept 2008
Second Picture is a Triplex. Paid 68K for it. Grosses 1500 Bought June 2008
So do those units have actual kitchens and other living space inside or is it more of just a bed and bath only? They kinda look like rental cabins in the middle of the woods.
Paid 235k. Just under 3300sq ft. Former model home, so full upgrades, wood floors and extremly upgraded kitchen/baths.
Edit * more pics * and also I am in the Dallas, TX area.
thisoneis4u
Member
posted: May. 9, 2009 @ 5:45p
wiredspider said: thisoneis4u, I would like to be a slumlord, lol.
So do those units have actual kitchens and other living space inside or is it more of just a bed and bath only? They kinda look like rental cabins in the middle of the woods.
Without kitchens?? My tenants would LOVE me if I did this. They could sue me and win easy in this liberal county. I live in NC.
They are not in the middle of the woods, they are very close to downtown.
SoyBeans
Member
posted: May. 9, 2009 @ 7:41p
We are about to close on two properties right next to each other sitting on 7 mostly wooded acres.
The first house is just under 1000 square feet, has 3 bedrooms and 2 full baths. It also has three exterior buildings: one that's almost as large as the house, is carpeted, has vinyl siding, and has it's own air conditioning unit; another, somewhat rundown wood building, has a large room that was used as a workshop, a section where we can store bikes, and a loft; the third is a wood building with a room and two windows.
The second house is a standard prefab with 2 bedrooms, 2 bathrooms and a basement. It's going to need about $5000 to make it livable.
We fell in love with the first house, though it is a small no-frills house. It's in a beautiful rural setting - encircled by Georgia's only scenic byway - thirty miles from Atlanta. We're buying the second because we don't want anyone to build next to us and plan to renovate the house and rent it out for about $600 a month.
I know these are luxury homes, but we live in a big house in the suburbs and it's just not what we want. Also, having a lower mortgage will allow me to be a stay-at-home mom.
bjamm said: Here is pics of mine I bought last year.
Paid 235k. Just under 3300sq ft. Former model home, so full upgrades, wood floors and extremly upgraded kitchen/baths.Very nice. What city is this in? I thought I lived somewhere with a low cost-of-living, but there isn't anything this nice that inexpensive here.
Mitsuko
New Member
posted: May. 9, 2009 @ 9:36p
bjamm said: Here is pics of mine I bought last year.
Paid 235k. Just under 3300sq ft. Former model home, so full upgrades, wood floors and extremly upgraded kitchen/baths.
Gorgeous house! I'd also like to know what city it's in. What a great find.
geebeebee said: Very nice. What city is this in? I thought I lived somewhere with a low cost-of-living, but there isn't anything this nice that inexpensive here.
Im in the Dallas area. Yeah it was a bit more than I actually wanted to spend but felt in the long run I'd come out ahead and be able to sell it easily since it sells itself Great house and hopefully great investment I feel for being my first home purchase at 25 years of age
I've attached a picture of the great deal I got on my investment home. What do you think of my lawn ornaments? I got those for a really good deal too, I can't wait to pass them on to my kids, and grandkids, and grand grand kids, and my grand grand grand grand kids.
At least the house was cheap though. only 11,000,000,000,000 and counting!
Just saying.......
SoyBeans
Member
posted: May. 10, 2009 @ 12:01a
SUCKISSTAPLES said: SoyBeans said: The grand total - $110,00.
We're going to live here (not good pictures): $11,000 or $110,000?
If $11,000 that is super smoking
Sorry - I forgot a zero. Still a good deal though, with seven acres.
bjamm said: Great house and hopefully great investment I feel for being my first home purchase at 25 years of age bjamm, awesome house. Was it a foreclosure? What was the original price of comps vs the price you paid?
Loving the media room. Fill that TV nook with the biggest damn unit you could squeeze in there.
Nice job solar. Hardwoods and tile are the way to go for a flip. Construction materials are cheaper right now and if you do the labor yourself then you will get a nice return on the investment.
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