Fix it up, then jack it up and move it to McLean, VA. Flip for $2 mm.
On Tue, May 30, 2017 at 4:22 PM, Floyd Thursby via Mercedes <
mercedes@okiebenz.com> wrote:
> That is a gorgeous old house. Reminds me of my second fixer-upper, an old
> Victorian. I have no idea what a "fixed-up" value would be on it but it
> looks like 2 bathrooms and a kitchen would need to be upgraded. The rest
> looks mostly cosmetic, stripping, paint, etc. and sand the floors and
> refinish. I'm sure the wiring is ancient, the plumbing too, so that would
> need to be upgraded. These are all spendy things. How's the roof and
> paint? I'm presuming no insulation anywhere you can do blow-in for that.
> If windows are also original you would probably want at least new sashes
> with double ("bulletproof") glass, those can go into the existing frames
> and work very nicely. And whatever the foundation issues are, those can
> likely be addressed fairly easily with some footers and jacks as long as
> there is not a lot of rot in the sills and joists, we have foundation
> services all over the place here that do that sort of thing.
>
> If I was doing it I'd probably be looking at $25k in materials easy for
> the bathrooms/kitchen, wiring and plumbing might add up. It would be easy
> to dump $100k into it if you wanted a nice place, but the market probably
> suggests cheaping out and basically abandoning a beautiful old house to
> turn it into a cheap rental or something. Kinda like a cheap Mercedes...
>
> Not knowing Mao's skills and tenacity, it might be beyond a weekender kind
> of project, which is a shame. If Mao is capable of doing some serious work
> on it (like the electrical and plumbing) then maybe you could work
> something out, buy materials and pay him some rate to work on it.
>
> --
> --FT
> Winston Churchill:
> “Never give in--never, never, never, never, in nothing great or small,
> large or petty,
> never give in except to convictions of honor and good sense.
> Never yield to force; never yield to the apparently overwhelming might of
> the enemy.”
>
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