[willcipriano]

I think the trick to "we buy homes" or whatever is they buy way under market. My neighbor sold for something like 150k, they fixed the place up and resold it for a little over 500k. Landlords aren't going to go that low.

[bluGill]

I'm guessing they put in 100k or more go remodel. 290k wouldn't surprise me. They are still making a lot money, but they are also taking that risk. There is far more of it going on than should be, but people who need to move in a hurry might like it. The better such companies that have existed for years without the advertising have good working relationships with contractors and thus get both a better deal and faster service than you could: the contractors know who brings in busines. They also know which contractors are actually good as opposed to scams.

But the business doesn't support nearly the advertising that you see in normal markets. Call A qualified realtor with a dump house and they will call these people if your house is a hard sell. (If you know the fair value of your house you can avoid realtor fees selling direct )

[willcipriano]

I'm sure they put a lot of money in, these are old houses. I think they target less sophisticated sellers who don't have capital. She could've gotten a lot better deal if she put 20k - 30k in herself and fixed the major issues but she wasn't in a place to do that. A landlord with a few properties has more options and won't sell as low.