[quote=bearishgurl]
IMO, this is the ONLY way to earn substantial sweat equity, especially in this market. By “substantial,” I mean $100K+ on a $350-$450K property. These “opportunities” do NOT lie in community facilities districts (read: areas saddled with MR).
The two comps I furnished here were way more than “move-in ready” in my book.[/quote]
I think you fail to see that most people don’t care about sweat equity. Hence, move in ready homes and new homes will always yield a premium.
In your book, the Orchard Bend house might be move in condition, but the buyers don’t think so, that’s why it’s selling at such a discount compare to its immediate comps.
