Chips are in the Mail

My Chips are on the way Magic!!

Sorry i cut it short, but I'm completely remodeling the house I bought in Indy..(what a way to spend 4 weeks of vacation eh)


Bought the place for 65,000, appraises in the low 90's... After I work some of my magic it should appraise for around 110,000... it's all about making the benjamins eh?

Mine are in the mail also. Had a lot of shit going on myself!

dblshockpwr........ It sounds like we're in the same boat.

Trying to sell my rental in town and then turning around and selling the one we're in now!

We've been renting the one and I owe 60,000 and they're buying it for 110,000.

Only owe 72, on the one we're in now and it appraises at 130,000.



MONEY TO BE MADE!!!!!!!!!!

Either of you two got a take on building a spec home?

I know the market is soft... but have you ever done a new construction home?

Got an opportunity... half the risk - half the profit. I'm an insurance guy... next thing I build will be the first. Fortunately the oppty. comes from a custom builder with a great track record. Great floor plan. Nice area. Lots of homes for sale, though...

Your thoughts, please.

LOL I usually don't mess with building residential Kurt, just because the money is in the commercial end of things, and I hate dealing with homeowners, they want a palace on a doghouse budger most of the time LOL..


I don't know if I'd build a custom home right now if it was me, the real estate market is so damn flooded right now and I really think property values are way overstated too.


If it were me, i'd go over to the Marion County Sheriffs office and pay the $15 for the Marion county foreclosure list, There are homes all over the place that people built and then became house-poor. Hell there was one on the West-Side that I missed last year that made me sick!! It was 3500 sq ft, 4 bedrooms, 4 baths very nice home in a good area that went for 75,000.. It most likely appraised at least twice that.

I got my mom and Dad into their house off the foreclosure list in Lebanon, they got their house for $110,000 and it appraised for around 175,000 when they got the mortgage.

So many people got their houses on buy-downs and overextended so much that theirs great deals on existing homes all over the place.

I'd do a Custom home if you were building your dream house and never planned on moving again, otherwise there's so many great deals out there right now.

I didn't know I needed an excuse for my chips just getting in the mail today! Mine is that I just moved into my house and I'm trying to paint it and unpack before I have people over this weekend.

Anyway...you should get them soon. Sorry for sending them so late.

My chips are in the mail as well.

A hearty thanks to last year's players for once again fully funding my participation this year.

Chips (and Matisyahu discs) in the mail tomorrow. Karma kids, Karma. Butter up the chip keeper...