Frontstage of the day : List Price vs Long Price
All right gang market swing from the swing.
Let’s talk about a nuance inside the market right now, which is a bit insidious. An old axiom in the game since the beginning of time in real estate was: You got some extra chips, buy a premium, get turn-key, move in. You got your down payment, you got your closing cash, you’ve got moving costs and then you’re in the crib.
A potentially advantageous fulcrum is that you go, it’s builder-grade, and needs some work. So, you drop all three of those hats, and then you sign up for another 50k or whatever and maybe improve, do a minor kitchen remodel, minor bathroom model, throwing some floors, repaint the house.
Like the synergistic returns, each one of those independently may not have an exciting return but you synergize them all together, and your 50 turns into 75 or 100, whatever.
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