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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (39277)	8/26/2005 8:57:54 PM
From: patron_anejo_por_favor	Respond to of 306849

True, but they can also mean the place has more profound structural problems that haven't been attended to. For a lazy non-fixer upper guy like me, that means a pass......<G>

To: bentway who wrote (39277)	8/26/2005 10:56:15 PM
From: mishedlo	Read Replies (1) \| Respond to of 306849

I would hazard a guess there are plenty of structurally sound homes in Danville, in more or less reasonable (or at least not bad) neighborhoods that are just plain in disrepair that can be had at decent prices if one can do the repair work themselves. Case in point, my dad's house. I think for about $2000 worth of materials, and some sweat equity there was an immediate profit to be had on a resale. But... There was probably a better profit to be had by renting it out which is what our buyer did. He now has 5-6 cash flow positive rentals. Mish