Fix and Flip After the Remodel Purchased 3/29/17
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- Опубліковано 27 сер 2024
- You can find much more information on how to flip houses in my book Fix and Flip Your Way to Financial Freedom. The book goes over all the details on how find, finance, repair, and sell house flips. It is available as an audiobook, paperback, or eBook on Amazon here: amzn.to/2Bi8v0O
You can find more information on my 20 active flips here: investfourmore...
I bought this house from a wholesaler for $143,000 back in March. The home was very outdated, but large and unique. The area it was in does not command high prices and we decided to fix just enough to allow financing on the home. We replaced the roof, furnace, exterior paint and carpet. We spent about $20,000 on the repairs and listed the home for $219,900. If we would have done a full remodel we would have spent at least another $20,000 on repairs, and taken another two months to complete them because we have no contractors available. I doubt we could have sold the house for more than $240,000.
You can see the before video here: • Fix and Flip Case Stud...
This sold for $250,000
Wow everyone complaining about the house but I actually like it, for what it is it’s nice and been well taken care of.
Aww man 😒 I was hoping to see something awesome with this house
I really really liked this flip the fact that most of it was original made it even more cool.
I like this house!!! It has tremendous potential!!!! And a lot of character/ charm!!! Once the buyers update it- and plant those flower beds- it’ll be awesome!
I love the black and white outside
That bonus room could make a great home gym
I really like this house, it was fun to see. It was in good shape for the year, but also, Like the fact you had that extra room behind the garage. That could be a great man cave, or a she shed, or a fun place for kids.
LOVE this house despite the flaws loving the kitchen It's awesome!! Thanks for sharing
Thank you, we just sold it for $250,000
Mid century house, you updated it, yet kept it original, cool! I'm not a fan of split level floors but that one is really nice. I like it.
It was a cool house
that bonus room is wonderful!
I love how you didn’t remodel the kitchen on this house and left the cool double sink on the corner. If everything is in great shape like this one, then there really isn’t a need to replace everything because it’s still perfectly usable.
Thanks!
I don't know why but I'm kinda digging this home
It is cool
that house would be a steel at the price you mention. I really love it.
I love the exterior design. Sometimes your outside paint choices are questionable. :)
It is more fun to try new colors!
I agree Jackie, I like softer colors. I'm also into white instead of black in bathrooms and kitchens for changing theme purposes but that's just me. I hate browns. I'm a new subscriber and he does spectacular remodeling jobs. Paint Colors can be changed.
Mark, you can paint counter tops. Just clean, Prime and paint and seal well with poli. I've done mine twice. Different colors
Thaks for the tip!
Here on Long Island, NY you can't buy a shack in a terrible neighborhood for less than $200,000. These prices are amazing.
Very unique home. I guess some viewers didn't get that you were bound by limitations as to how much you can sell the home for. People tend to want to do their own thing anyway.
A lot of arm chair flippers lol
Most Interesting hHouse Award
With some upgrades this is pretty cool especially for someone in a band. They can practice in the bonus room off the garage.
True
The kitchen sink and stove top/control panel are awesome. I love orange but I hope the buyer goes with a 1960-1970 patterned formica. Nice work and a cool looking mid-century house.
I think a fresh coat of paint on the inside would make a big difference.
It does have a lot of potential but I do think it needs a lot of work. Of course I like everything modernized.
yes, it did
Flipping with no fixing... com'on man
There was almost 20k spent on the house before it sold.
Despite some of the dated things.That wouldn’t bother me one bit their minor details. There’s lots of value and potential in this and it’s a bargain. It looks rock solid and in most markets wow what a deal!!!
Thank you!
I really love this house. I agree with the minimum update.but that orange counter tops is kinda too much.But I would love that house.
Disappointed to see it wasn't a full rehab but there's no use throwing extra money and time at a house if you're not going to get a substantially better price for it.
I would have updated the kitchen, It looks horrible!
In a perfect world yes, but we did not need too.
I actually like the kitchen, if you changed the countertop it would completely update the look, it didn't need to be replaced.
I love that you just cleaned it up a little. This is a Retro Lovers dream! That kitchen wouldn't take much to make it work. Even with the red counter top. The corner sink looks great cleaned up! Have you sold it yet?
Yes, it sold for $250,000!
Mark Ferguson - InvestFourMore Wow! Now that's an awesome flip.
Love the colors
Thsts a sweet sink and tge2 cabinets are very nice all you need to do is paint the counter tops with the right paint and put vynel planks on the floor .paint the dire place a white or brown color its basicslly all cosmetic nice house
Cupboards are not bad, likely better quality than the home Depot ones, would have changed the countertop, but since my favorite color is red, I like it, but most people don't LoL. If I had this, only thing I would do different, is put in hardwood or laminate flooring. Nice house. Curious, why did you keep the ramp? Likely has cement steps under it.
The kitchen looked charming. Many of the current-day trends will be looked upon with similar disdain in five decades.
I already look upon today's trends with disdain. "Here's our very fragile and completely unoriginal granite countertops, complete with stains, chips, and imperfections; and here we have our shiny white coated cabinetry with brushed nickle hardware, because everyone likes looking at splatter marks and fingerprints; of course we have our lovely bouncy yet also creaky bamboo floors- might actually be a week or two before we need to shore up the gaps between the planks (again)."
Meanwhile, this kitchen needed some paint, some general cleaning up, and some tightening of screws after 40-some years.
I like the kitchen, too. If I bought it, I would keep the counters, I like the color. I think all would do is update the appliances.
man i would’ve loved grey wood texture floors on the floors
wow that counter top lol vibrant
lol, yup!
Re spray of benches is cheap way to make kitchen look new and can’t even tell
Beautiful land out there
I like this house. No idea where your located, but wish it was here.
It was a cool house
Currently stumbled on your real estate books on Amazon. Very excited to read. I am doing my first flip with some partners (family) and am looking to learn as much as I can about the many avenues within the real estate market. If you don't mind me asking, how much will you profit net after taxes/expenses/etc? Hope to get more of your books and obtain the necessary insight required to succeed in this field. Thanks Mark!
This will be a good one if it appraises high enough. It will net $65k before income taxes
The kitchen and bath is a deal breaker. I mean, for what you’re selling it for.
It sold for $250,000
You "Da Man"! That's how you make profit!
great house!
Those kitchen counters are disgusting
Some think they are awesome. lol
It would be close to one mill here in Edmonds Washington!
That is crazy!
I would rent this property out you could have someone living in the garage and in the house
Kitchen is not my style but I would remodel and replace it with stainless steel appliances white cabinets but I would also will install modern light fixtures new doors with bronze door knobs & everything in that house
Yes, we did not fix everything on purpose on this one.
another great flip!
Thank you!
these are the after pictures?
Yes, if you listen to the post we did not do a full rehab on the property.
Did you ever find out what happened to the original tenant? I know you don’t get emotionally invested in the flips, but my heart kind of sank seeing all those items left behind, especially the bed. Feels like someone passed and no one cared enough to get those “last little treasures that only mean something to someone close” type of thing. Again I realize not something that you get worried over, but I hope what I’m trying to convey makes sense without it seeming like I’m attaching any shame or blame to you (cause there is none intended). I guess because I wear my heart on my sleeve and my husband works in a nursing home this one hit a little harder...
While I do understand the reasoning behind doing the minimal rehab, I have to admit I was hoping it would have been one of your usuals. Gorgeous home, just needed some of your touches to see it’s great potential. Especially on some of the colors. Lol
I do not know
Thanks Mark! Is there a place we can go to see what you eventually sell it for? I'm interested to see the results of this strategy.
William Smith investfourmore.com/flips/
William Smith 2 offers on it already in the first 24 hours.
Awesome wow great work!
What do you mean by awesome kitchen ? Its horrible . Some things are nice but the cost of housing is crazy. I really appreciate Pennsylvania after seeing this. I think I'll stay put.
Sarcasm......
I know you need to make, a profit but on this one you really should have painted and. Put some work into that kitchen.
Didn't need to
Hey Mark, is rehabbing properties like you do a good way to eventually become a developer? What's your take?
Never showed patio room ?
😊 Beatifull!
thank you
where is this at? 140k for all that space? I need to leave California lol
That was a smoking deal. Evans Colorado
219900? That's a good deal.
Mark, how do you purchase a pre foreclosure house?
I made mine look like marble.
carpet and paint for 20k?
Trent T and roof and furnace
ohh good point
From what I understand the only people who would buy this house are those who like the area? Because I really don't see a point in buying a house which needs a lot of work knowing that you will not make any profit once you move out.
THere are no other homes for sale in this price range. It is a very hot market.
What state are you in.?
House are pretty low on price per size
Colorado
What town is this in?
Evans Colorado
curious what state this is in. Ide love to find a property for that price in a decent area. I live in Sonoma County California and a cheap home is about 1/2 million 😞
stephen kennedy Northern Colorado
Thank You, Like the video. hope the flip goes well for you.
you wont sell easy with a brady bunch kitchen...just saying..good luck!
It sold with multiple offers well above listing price
I can get how you spend 20.000 on carpets and paints......
And furnace, and roof
Poor choice 🙅🏾♂️
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I like this house!!! It has tremendous potential!!!! And a lot of character/ charm!!! Once the buyers update it- and plant those flower beds- it’ll be awesome!
I like this house!!! It has tremendous potential!!!! And a lot of character/ charm!!! Once the buyers update it- and plant those flower beds- it’ll be awesome!