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May 25, 2012, 05:47:22 AM

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Real Estate Investing Forums  |  Real Estate Investing  |  Bird Dogs, Wholesaling, Flipping Properties Forum (Moderators: $Cash$, Bluemoon06, kdhastedt, Mdhaas, motivatedceo)  |  Topic: When making an offer should I include.... « previous next »
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gwoods2004
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« on: November 04, 2004, 10:43:30 PM »

the absence of a fridge, stove, and dishwasher in the estimation?   Or, do you ignore that in estimating your repairs.
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tedjr
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« Reply #1 on: November 05, 2004, 01:58:25 AM »

Howdy Gwoods2004:

If you are dealing with low to middle income rental property I would include all the appliances in the estimate. If you are buying to fix and resell I would not include the frige or in upper income rental areas where the tenants usually have a box of their own.

Always use the missing appliances as a bargaining chip to get the asking price down lower and always quote new prices. When I last rehabbed a condo I got a nice used stove for $30 at a fridge for $60 and the Dw for $25. I installed them myself and had to carry them up the stairs but look at what I save compared to new.
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Ted P. Stokely Jr

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gwoods2004
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« Reply #2 on: November 05, 2004, 10:18:38 PM »

Thanks
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