So, sdr, by your posts are you saying you believe it is possible to acquire a goodly chunk of “sweat equity” is a short period of time in SD County??
Your Enc “fixer” example which sold for $675K in August . . . how much do you think the flipper put into it (mat’ls and labor)??
In waiting hawk’s case, he may or may not have been able to qualify to buy a fixer for $675K, even if he had the skills to fix it up.
Those >$500K and up fixer-flippers are generally purchased by investors with deeper pockets than a common Pigg who needs a home for his family.
By “street-smarts,” I was referring to djshakes’ and waiting hawk’s ability to negotiate new or slightly used materials from private parties and resellers and take their own deliveries (cash & carry). This practice is common in the “trade.”
A bankrupt small developer in Chula Vista left two trusses sitting next to his unfenced abandoned partially finished construction last year. Within a couple of days, they were miraculously gone . . . overnight!
When Piggs post here that they spent nearly $50K on a kitchen remodel (and didn’t believe one could do this for less) in a working-class neighborhood, no less, I have to wonder . . . why??
The private party (after)market on building mat’ls will always be alive and well and utilizing this market is the ONLY way to build “sweat-equity,” IMO.
