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The Water Cooler
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We buy homes.......??
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<blockquote data-quote="FullAuto" data-source="post: 2881948" data-attributes="member: 5110"><p>The "we buy homes" type stuff are real low-ballers, much more than average investors. </p><p></p><p>Myself and several of my friends buy houses that are fixer-uppers. Personally, my price point is a little lower than others. I try to buy at a price where I can fix it up and refinance it out afterward for 80% of appraisal and get all my money back. That's a pretty typical strategy. The "we buy homes" are much lower than that. Since I buy with cash, I try to get around the $50k price point, but it will vary some. I closed a house last week for $34k and I will close another 3 weeks for $75k. One of my friends just has one of his flip houses for sale now for $400k. My pockets aren't that deep. LOL </p><p></p><p>What price point are you guys trying to sell at?</p></blockquote><p></p>
[QUOTE="FullAuto, post: 2881948, member: 5110"] The "we buy homes" type stuff are real low-ballers, much more than average investors. Myself and several of my friends buy houses that are fixer-uppers. Personally, my price point is a little lower than others. I try to buy at a price where I can fix it up and refinance it out afterward for 80% of appraisal and get all my money back. That's a pretty typical strategy. The "we buy homes" are much lower than that. Since I buy with cash, I try to get around the $50k price point, but it will vary some. I closed a house last week for $34k and I will close another 3 weeks for $75k. One of my friends just has one of his flip houses for sale now for $400k. My pockets aren't that deep. LOL What price point are you guys trying to sell at? [/QUOTE]
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