New Fix and Flip Purchase Bought for $155,000 and Worth $220,000 Plus.
I bought this house flip yesterday for $155,000. I bought it from the MLS from another real estate investor that I know. The house was listed for $149,900 and we made a full price offer the same day it went up for sale. We were notified they had one other offer at $155,000 and if we matched that offer we would get the deal. I agreed and we closed a couple of weeks later.
The house needs minimal work compared to most of my flips and should be a fairly easy one. We even got a new roof and exterior paint, which I was not expecting! You can see my other house flip videos here:
https://www.youtube.com/playlist?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3
You can see information on my other flips here: https://investfourmore.com/flips/
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Hi investfourmore,
How long going to take to put in bit more work and be able to sell this house with profit of $65k?
Looks like once you have mastered flipping houses, you can flip with profit so readily with your many years of knowledge.
I would not know where to start to flip a house or even to think about buying a house for an investment.
When I was younger I had a dream of owning a house but now I am in my 50's not sure anymore.
It won't be quite that much in profit after all the costs. It should take a few months.
Still good profit is profit....imo
Congratulations. Do you take care of the landscaping too or just the interior?
It depends on the house. We will clean up the landscaping for sure.
Beautiful location sir @investfourmore
its very profitable for you i think @investfourmore
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STOPLooks good so far. Maybe I should suggest cleaning and mowing the yard. The surroundings of the house look like people trash the place after selling drugs. Which is the last thing a future home owner need to see.
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