I did it!

[cbass]

found someone stup....err savvy enough to loan me some money.Just got a steal on a 5 BR 3 bath house looking right over the golf course.Hopefully I can flip it and make a chunk of cash for the first time in my life.

I finaly have a chance to be something besides a stupid carpenter.Now lets see how bad I screw it up.

[Colossal]

Congratulations man! Don't discount your strengths.

[Bob S]

Man that's great !
Hope you make a ton of money.
Congratulations.

[xtian]

Beware the temptation to fill those bedrooms with gear and call it a man cave.

[John_P_WI]

Good luck.... sounds like a cool Amp Garage resort...

[Reeltarded]

Move in and refuse to leave! Screw the loan people! How stupid are they anyhow?



You do great work. Keep it simple.

[NickC]

Nice! Best wishes for great success in this venture. My Dad was in real estate as his retirement job (he couldn't/wouldn't retire). He once told me "Never fall in love with a house, until after you've bought it." Good advice. I'll modify it to fit this situation: Don't fall in love with that house, until after you've sold it for a whopping profit!

[Phil_S]

I knew a guy who worked as a maintenance man at a college. He was very good at what he did. He had skills to do all sorts of construction work. I don't think people gave him enough credit for his talent and his drive. Some may have even mistaken him for lazy.

He bought a run down row house (for which Baltimore is famous.) He rehabbed it nights and weekends. Finally, he sold it and took out a pile of cash. He did it again. And again. And then he quit his day job. Many were shocked. I was not.

You can do this, too. It IS the American dream. Live your dream!

Now, get to work. There is money to be made and a lender to pay.

[Leo_Gnardo]

Congratulations! I toast you with a vodka-and-lime!

Those golfers are going to be hearing some git-tar solos, for sure.

Just make sure your fingers never leave your hands.

[LeftyStrat]

Good luck. Don't know what the market is like, but rentals can also be quite lucrative. Especially with the tax breaks. Though I tried it and hated dealing with tenants.

The fact you do cabinetry is good too. Best dollars spent on upgrades are to the kitchen.

Back in the days when you had to reinvest any profits or pay taxes on them, I bought a house where I needed to spend an extra $25k or pay the government.

I spent about 15k on custom made cabinets. They were European style with the cabinet doors flush with the facings. All book-matched cherry. A honey glaze on the doors and a slightly darker stain on the facings. Double ovens and six burner island, pro-style all stainless steel. The island top was all maple cutting board. Subzero builtin fridge with a front to match the cabs.

A year later I took a new job and had to move and still managed to make $20k profit. Third person to view the house was a restaurant owner and made an over-asking price offer on the spot.

I still miss that kitchen. I love to cook and my wife and I had designed every little detail (both sides of her family are restaurant owners).

[cbass]

Beware the temptation to fill those bedrooms with gear and call it a man cave.

The house is over twice as big as the one i live in.That was the first thing I thought was think of all the gear I could fit in here.Trust me I am tempted I could rent my house out for more than the mrtgage on this one.

[cbass]

Good luck.... sounds like a cool Amp Garage resort...

Golf rock not quite as catchy as Yacht rock

[cbass]

Move in and refuse to leave! Screw the loan people! How stupid are they anyhow?



You do great work. Keep it simple.

Apparently pretty stupid need to get cantract closed before they find ou tabout me.

[cbass]

Nice! Best wishes for great success in this venture. My Dad was in real estate as his retirement job (he couldn't/wouldn't retire). He once told me "Never fall in love with a house, until after you've bought it." Good advice. I'll modify it to fit this situation: Don't fall in love with that house, until after you've sold it for a whopping profit!

I did kinda screw up they took my first offer so I know it was too much but there was a ton of other investors looking at it and they were all making ridiculos lowball offers and trying to score the deal of a lifdetime.I saw a the potentiol to make a big chunk and a house that was in a location that would sale. So I went in and offered a few thousand less than my top dollar.

[cbass]

I knew a guy who worked as a maintenance man at a college. He was very good at what he did. He had skills to do all sorts of construction work. I don't think people gave him enough credit for his talent and his drive. Some may have even mistaken him for lazy.

He bought a run down row house (for which Baltimore is famous.) He rehabbed it nights and weekends. Finally, he sold it and took out a pile of cash. He did it again. And again. And then he quit his day job. Many were shocked. I was not.

You can do this, too. It IS the American dream. Live your dream!

Now, get to work. There is money to be made and a lender to pay.

I'm lazy and not very smart either so this home flippin thing should be right up my alley.