We just went to see this property. It has GREAT potential.
It needs a bit of work. The price is right. Asking $57,900. The area is better than great - it is perfect. It's about 4 miles from our home in a growing town with lots of development and people moving into the area.
Care free stone siding. New metal roof. It's 2 bedroom 1 bath on .5 acres with a large two car detached garage with the potential for a future changeover to a one bedroom house. SWEET!
The only problem is the agent already got a contract. YESTERDAY!
BUMMER!
Talk about missing the boat!!!! I e-mailed her to let her know that if the contract falls through we are interested in knowing about it. One can only try and hope!
Well at least we are back on the saddle, so to speak. HOUSE 2 is on a rent town lease agreement and hopefully theses renters will be ready to qualify in 6 - 12 months. They are excited about the house but probably not as excited as we will be when we cash out and do a 1031 exchange on it.
Life is good!
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