First Milwaukee Rehab Complete
I haven't been around much the past 2 weeks, as I've been finishing up the rehab Marty Boardman and I have been working on in the Milwaukee suburbs. After 40+ rehabs in my local area (Atlanta), Marty and I decided to venture into a new market together and give long-distance rehabbing a try.
It was quite a project -- the largest I've ever attempted, both in terms of scope and budget. But, the results were great. We took an early 70s house that others considered a tear-down (according to my listing estate agent who had brought some other investors through the house when it was listed for sale earlier in the year) and brought it back to life.
It won't be a home run (purchase of $150K, rehab of $120K, listed for resale at $340K), but for a first long-distance project, we'll take it. We've had two showings on the first day after listing, and the feedback was great...hopefully we'll get it sold sooner rather than later.
And our second Milwaukee project is now under contract to purchase, just three doors down from the first. We close on it in 2 weeks and will be starting the rehab right after Christmas...
Here are some BEFORE & AFTER pictures:
Before Pictures:
http://www.123flip.com/house-pics/the-wi-1-house-before-pics
After Pictures:
http://www.123flip.com/the-wi-1-house-staging-pics
(not thrilled with the staging, but it's hard to find a good stager)
Some Side-By-Side Before & After:
http://www.123flip.com/house-pics/the-wi-1-house-before-after
