Westchester, New York House Hack/live in flip- John Hickey
The Bought this house as short sale December 2009 for 350k. 3/1 1200sf Pleasantville NY
Original Rehab was 80k. We later finished the basement an addition for 100k. Just sold for 675. By then it was 3/2.5 1700sf
We were looking at buying a primary for a few months. We saw this house on the first day. Months later after looking at 30-40 houses we settled back on this one. The price had dropped from 550-375 over a year. When we first saw it the had it listed at 400k. We went back and forth with the bank and settled on 350 cash. Three months to close.
We did a full gut rehab, and after living there for 6 years moved to the next live in house hack. More about that later. Here's the after photos. The photo above was about 2012, I never took before photos. Lesson learned!
Another is to keep the end goal in mind...sell the house for the most money with the least amount of work. I spent a lot of money on this house that I didn't get back. Gut only when necessary, if you break it you have to put it back together and sometimes your better of leaving well enough alone.