Foreclosures 08/18/14 3:15pm Houston Home Listing Photo of the Day: That Sinking Feeling by CALwords Homes for Sale, Interiors 7 Comments Tweet 11826 Kirkway Dr. [HAR] 77089, Foreclosures, Homes for Sale, Interiors, Sagemont Park
Reminds me of my sweet spot flips I used to do back in the day.
Buy for $60k, put in $20k, sell for low $100’s to net $100k on the sale. Profit $20k
Rinse wash repeat.
Yup. And I see this is pending. Someone will flip it for a solid base hit.
No longer pending. Big exterior wall crack in picture #6, so this one might be more likely to show up on the Daily Demolition Report.
The floors all look fine, but it needs some windows replaced and a lot of drywall work. Holes in the walls make me think somebody stole all the plumbing. Might need more than $20k.
This place can be flipped? To my untrained eye, it is in serious need of a bulldozer, but I will defer to the professionals….
Gisgo: I haven’t seen it in person. I was just saying I used to do homes very similar. I quick look, at zillow (for what its worth) shows it fit the model pretty well.
It won’t be demoed as the land value isn’t high enough to buy/demo. You can get an empty lot for much less.
Maybe I’ll flip it for the fun of it and document it. It’s been a long time since I’ve done one. Sort of miss it.
Interesting that the property price is $59360. I can imagine that conversation:
Realtor: We need to set the asking price.
Seller: How about 59375?
Realtor: Easy there, buddy – this isn’t River Oaks! How about 59350?
Seller: Sorry, I not just gonna give it away! Let’s go with 59360.
Realor: Works for me. With any luck, it’ll show up on Swamplot!
Seller: Wouldn’t that be sweet?!
Um… if Native Houstonian does not get comment of the day for that little nugget, there is no justice.