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| trixiezzz |
 Posted: Fri Feb 25, 2005 6:27 am Post subject: Moving.... |
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Investing Manager
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Many beautiful older homes with great features like heart of pine wood sit in crumbling older areas. One growing investment is to MOVE the house to a hot, new area and cash in.
A 1,000 sq ft wooden house costs under $20k to move,and often the price includes a free foundation. Then you fix it up and flip it for a nice profit. |
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| JoiseyFamily |
| Posted: Fri Feb 25, 2005 5:30 pm Post subject: |
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Investing Associate
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| That is an interesting concept. I haven't heard of that before. |
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| trixiezzz |
| Posted: Fri Feb 25, 2005 5:54 pm Post subject: |
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Investing Manager
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| They say from a materials standpoint, some of these older 1920s era homes are like cars: their "parts" (heart-of-pine floors) are worth more separately than the house as a whole. That's assuming we're talking about an older, run-down house that sits in a declining neighborhood. |
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| mrsboz |
| Posted: Sat Feb 26, 2005 10:05 am Post subject: |
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Investing Sr. Associate
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| I've seen this done. it is remarkable. They actually just had a house on the news that said it is for free as long as someone is going to pay to have it moved and has the land to move it to. A great way to keep a piece of history. |
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| paula0000 |
| Posted: Mon Feb 28, 2005 5:43 am Post subject: |
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Investing Manager
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| Wow, I have never heard of this. Is this something that people do on a regular basis? THis is the first time I've ever heard of moving an older house. But the idea is different. I like it! |
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| wallace6 |
| Posted: Sat Mar 12, 2005 10:32 am Post subject: One in our neighborhood |
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Investing Sr. Associate
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| A house that was in a now commercial area was moved to a location just a few streets down from us. It seemed to work great for the new owners. |
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| freeye |
| Posted: Mon May 23, 2005 11:21 am Post subject: |
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Investing Manager
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| interesting forum discussion |
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