Rental Property Investor · Milwaukee, WI · Member since 2013 · 17 posts · 10 votes
11y
Wow nice work!
I really hope you sell it soon. Please share the numbers.. That's the next thing I'm going into but I need some information and how you went about it. Please and thank you.
Congrats!!! Im hope to be in your shoes sometime soon. How did you find your deal? How did you find your rehab crew and how was the process of the renovation (did u go over budget, stay under budget, any unexpected problems arise?)
I found my contractor through another local investor; I went to one of her open houses, really liked his work, got his card & we've been doing business since. I went a little over budget (maybe a few thousand dollars) because of certain things I hadn't budgeted for at first & then realized I needed/wanted in the flip. The takeaway--to next time add room for those things in the next flip's budget!
Thanks, everyone! In terms of the numbers, I purchased at 120k, about 75k in rehab, ARV about 255k.
As far as the timeframe, it went about a month or so over the original 3-month timeframe mostly due to weather delays for the kitchen addition (needed because of the original REALLY funky layout), lol. Just certain things I learned from & I'll be tweaking to ensure the next flip runs smoother & more quickly.
Wow! I am impressed. I have never tried flipping but you make it look like "fun". Nice work.
Investor · Taylorsville, GA · Member since 2014 · 352 posts · 540 votes
11y
The house looks awesome, @Vonetta Booker! Revere Pewter is a great color - we have used it in our rental properties and also in our personal residence. Best wishes to you for a top dollar sale! Can't wait to see your next project!
Information Systems and Cyber Security Manager – US ARMY · Augusta, GA · Member since 2015 · 128 posts · 30 votes
11y
Place looks amazing! I like how you have restructured here and there minimally but the overall effect came out really nice! Opened the space and let more light in. Love it! GLWS!
Hartsdale, NY · Member since 2015 · 874 posts · 218 votes
11y
You did this beautifully. What are the comps for this size house in this town? Do you have any exit plan or back up plan if the house does not flip for the amount you want it to flip???
Atlanta, GA · Member since 2015 · 8 posts · 4 votes
11y
You did some awesome work. Your after pictures show class, hard work and a great eye for decorating. I'm looking forward to my first flip as well and hope I can match your creativity. Great Job, Much Success on the Sale.
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