Since I last wrote on this blog, I've been busy. I've bought 5 rentals, redecorated 7 houses, and am in the process of the 8th, and more and more I'm being asked questions about remodeling and rentals, and less about my real job of being a realtor so....I'm going to start writing more about what people are asking me about.
Rentals. My experience is that buying low, even when repairs are necessary, is the way to go. I have 5 rentals that cost less than $35,000 and they rent from $400 to $850. Yet if I bought one at $70,000 I doubt I'd get more than $950 for it; so why spend more to get less.
How do I find houses, real honest to gosh houses for this price. Two of mine were rentals for realtors and they were tired of the business or needed funds for other things and they hadn't sold in several months+, taxes were soon going to be due and they wanted them sold before taxes were due. Then two of them were estate homes. Kids inherited houses needing repairs and taxes paid and they just wanted out. My final one was a Fannie Mae repo. So I say buy low, renovate, rent high.
Until next time.
Sunday, June 22, 2014
Saturday, May 10, 2014
Tuscany Home in the Woodlands, Amarillo, TX
This is a fabulous home!! Open concept, huge living area with formal dining, eat-in kitchen with eating bar and island. Granite throughout. Jenn Air appliances and convection oven and microwave.
The owners arrived on a day when we had a hurricane-forced windstorm plus rain. This was a scarey day in Amarillo. But it made an impact and they replaced all the windows with high energy efficient ones, and all in front and in bedrooms are shatterproof. Take a sledge hammer to them, and they might break but not shatter and send glass into your eyes, arms and legs.
This home was custom built and no expense was spared. The blown in insulation is top dog. Gorgeous tile and wood floors, jetted tub, fireplace in the master bedroom.
The home features a bonus room upstairs plus bath, and on the way, stop at the bar and enjoy a little t.v., or go relax in the sunroom and watch t.v. The covered patio outside is perfect for barbecues and the patio off the dining area is stupendous for great views of the western rolling plains.
The house has a new roof, new faucets, new patio cover, and soon to have new master shower tiles. Also the owers are offering a $2,000 paint allowance or will let you choose the paint color and they'll have it painted with a contract to purchase.
I love the pantry door that tells you just what it is. And the utility is large, lots of storage and has granite too.
See for yourself. Visit the utube videos. One is straight shots and one is a walking tour
Here's one link: http://www.youtube.com/watch?v=UlRWSKVTiR0
This house will be open Sunday, May 11, from 2 to 4 p.m. A door prize will be given to one lucky visitor.
If you are interested in this home, email me at judydendy@sweethomeamarillo.com
The owners arrived on a day when we had a hurricane-forced windstorm plus rain. This was a scarey day in Amarillo. But it made an impact and they replaced all the windows with high energy efficient ones, and all in front and in bedrooms are shatterproof. Take a sledge hammer to them, and they might break but not shatter and send glass into your eyes, arms and legs.
This home was custom built and no expense was spared. The blown in insulation is top dog. Gorgeous tile and wood floors, jetted tub, fireplace in the master bedroom.
The home features a bonus room upstairs plus bath, and on the way, stop at the bar and enjoy a little t.v., or go relax in the sunroom and watch t.v. The covered patio outside is perfect for barbecues and the patio off the dining area is stupendous for great views of the western rolling plains.
The house has a new roof, new faucets, new patio cover, and soon to have new master shower tiles. Also the owers are offering a $2,000 paint allowance or will let you choose the paint color and they'll have it painted with a contract to purchase.
I love the pantry door that tells you just what it is. And the utility is large, lots of storage and has granite too.
See for yourself. Visit the utube videos. One is straight shots and one is a walking tour
Here's one link: http://www.youtube.com/watch?v=UlRWSKVTiR0
This house will be open Sunday, May 11, from 2 to 4 p.m. A door prize will be given to one lucky visitor.
If you are interested in this home, email me at judydendy@sweethomeamarillo.com
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