Flip #1, Frye Ave House

Flip #1, Frye Ave House

Real Estate Investor · Finleyville, PA · Member since 2014 · 20 posts · 2 votes

Hey all I am finally following what I love doing and it is wonderful! Being 24 yrs old and having a decent job etc most people thought I was crazy for taking this project on. I will be updating this post as I go until the home is listed. This is also my primary residence till its sold, then I will move on.

Here it goes:

Numbers:

Listing Price: $145k

Purchase Price: $113.5k (w/$3.5k CC)

Projected Renovation Costs: $20-25k

Projected Sales Price: $185-190k

Projected Profit: $35-42k

Before Shots: (Of what I have changed in the past two months)

Front:

Living Room:

Dining Room:

And my Favorite.... The Kitchen

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Rental Property Investor · Santa Clarita, CA · Member since 2014 · 29 posts · 13 votes
12y

The kitchen is gorgeous!

Working on my 2nd rental and it takes me a while to pick out exterior house colors too. I always look at the side neighbors houses to make sure I don't go in their color scheme.

My 2nd rental (bungalow style too) I choose these colors:

Sherwin Williams Dovetail Gray for body

Sherwin Williams Silvermist for upper portion of house, and front door

Sherwin Williams Peppercorn for the cement lower portion of foundation

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  • Real Estate Investor · Finleyville, PA · Member since 2014 · 20 posts · 2 votes
    11y

    Update:

    So, its been a slow progress on the house. Between work and waiting on the bank. I was able to pull $25k of equity from the home to pay off my expenses, Lowes/HD, so far and install the A/C and remaining new windows. So right now I am on track to spend $21k for the total house renovation, a few thousand more but still I am happy with my original 18-20k estimate. 

    Since my last update I have completed my second floor, including the hallway reconfiguration and bathroom. This allowed to "house hack" and get a roommate till July.

    Before:

    Bedroom 

    Bathroom:

    Stairwell:

    After:

    Bedroom

    Stairwell

    New Linen alcove

    Bathroom

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