How to make $100k in 2022!

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  • SalesServiceGuy
    Field Supervisor
    Site Contributor
    5,000+ Posts
    • Dec 2009
    • 7801

    How to make $100k in 2022!

    My brother 67 year old bother in law bought a new house for $500k in Halifax, N.S.

    2nd fastest growing municipality in Canada.

    He has some good money inflows and a big inheritance from his unexpected dead wife but cannot handle the stress of selling his old house.

    I want to take control control of the property and make $100k less taxes plus give my friend, Glenn, the demo and reno.

    It is in my hands. I have to put in some sweat equity but that is penny's on the dime. No problem for me.

    Plus the wolves are hunting at the door. Other offers. Maybe less $.

    Franks has some mental health issues and he cannot sell the house by himself. I know a realtor will take him to the cleaners as easy prey.

    I will guarantee him $300K. I will gut the house to the studs. Let the buyers rebuild it.

    What do you think?
  • bsm2
    IT Manager
    25,000+ Posts
    • Feb 2008
    • 27097

    #2
    Re: How to make $100k in 2022!

    Originally posted by SalesServiceGuy
    My brother 67 year old bother in law bought a new house for $500k in Halifax, N.S.

    2nd fastest growing municipality in Canada.

    He has some good money inflows and a big inheritance from his unexpected dead wife but cannot handle the stress of selling his old house.

    I want to take control control of the property and make $100k less taxes plus give my friend, Glenn, the demo and reno.

    It is in my hands. I have to put in some sweat equity but that is penny's on the dime. No problem for me.

    Plus the wolves are hunting at the door. Other offers. Maybe less $.

    Franks has some mental health issues and he cannot sell the house by himself. I know a realtor will take him to the cleaners as easy prey.

    I will guarantee him $300K. I will gut the house to the studs. Let the buyers rebuild it.

    What do you think?
    In the US most flippers here want to give 40% of the real market price put in 10 to 15 % and sell high.
    If selling a demo brings in good money thats good. Or sell as is and let the buyer make the upgrades.

    Comment

    • Phil B.
      Field Supervisor
      10,000+ Posts
      • Jul 2016
      • 22809

      #3
      Re: How to make $100k in 2022!

      Originally posted by SalesServiceGuy
      My brother 67 year old bother in law bought a new house for $500k in Halifax, N.S.

      2nd fastest growing municipality in Canada.

      He has some good money inflows and a big inheritance from his unexpected dead wife but cannot handle the stress of selling his old house.

      I want to take control control of the property and make $100k less taxes plus give my friend, Glenn, the demo and reno.

      It is in my hands. I have to put in some sweat equity but that is penny's on the dime. No problem for me.

      Plus the wolves are hunting at the door. Other offers. Maybe less $.

      Franks has some mental health issues and he cannot sell the house by himself. I know a realtor will take him to the cleaners as easy prey.

      I will guarantee him $300K. I will gut the house to the studs. Let the buyers rebuild it.

      What do you think?
      Most people don't want to take on a full remodel for that price.

      Sent from my SM-G960U using Tapatalk

      Comment

      • slimslob
        Retired
        Site Contributor
        25,000+ Posts
        • May 2013
        • 34773

        #4
        Re: How to make $100k in 2022!

        Originally posted by SalesServiceGuy
        My brother 67 year old bother in law bought a new house for $500k in Halifax, N.S.

        2nd fastest growing municipality in Canada.

        He has some good money inflows and a big inheritance from his unexpected dead wife but cannot handle the stress of selling his old house.

        I want to take control control of the property and make $100k less taxes plus give my friend, Glenn, the demo and reno.

        It is in my hands. I have to put in some sweat equity but that is penny's on the dime. No problem for me.

        Plus the wolves are hunting at the door. Other offers. Maybe less $.

        Franks has some mental health issues and he cannot sell the house by himself. I know a realtor will take him to the cleaners as easy prey.

        I will guarantee him $300K. I will gut the house to the studs. Let the buyers rebuild it.

        What do you think?
        I think that the current housing price bubble is about to burst and you will loose most of you money. That is what I think.

        Comment

        • SalesServiceGuy
          Field Supervisor
          Site Contributor
          5,000+ Posts
          • Dec 2009
          • 7801

          #5
          Re: How to make $100k in 2022!

          Originally posted by Phil B.
          Most people don't want to take on a full remodel for that price.

          Sent from my SM-G960U using Tapatalk
          5,600 people left Ontario for Nova Scotia in 2021 fleeing COVID and the big city life. Many sell their homes there at very high prices and are flush with cash.

          Homes in Halifax usually sell in less than a week for over asking price.

          Comment

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