You can see all my active 20 house flip projects here: investfourmore...
I bought this house 15 months ago from a wholesaler for $173,000. We had a ton of problems from the beginning and many of them I knew about before we bought it. Nikki told me not to buy it, but I did anyway. We should still make money on it, but it has been a nightmare. The house had a .5 acre, which made it non conforming in the county. We had to buy part of the neighbor's lot and add it to this lot. The process took almost a year with the county and caused many more problems.
We had to add a water tap that cost $30,000, a septic that cost $12,000, but the neighbors part of the lot for $15,000, and spend $50,000 on the rehab. We also had carrying and selling costs of $30,000 because it took so long!
We listed the home for $379,900 and should make some money on it assuming it sells for that or close to it. I think that is a good price for the property and it should sell in that price range.
You can see a write up I did on this house here:
You can see the before video here: • Fix and Flip Purchased...
15 сен 2024