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Rehabbing & House Flipping

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Jeff S.#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Los Angeles, CA
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This disgusting 'house from hell' is listed for $600,000 ... and

Jeff S.#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Los Angeles, CA
Posted Jun 18 2021, 18:30

This disgusting 'house from hell' is listed for $600,000 ... and getting multiple all-cash offers

https://www.cnn.com/2021/06/17/homes/real-estate-listing-from-hell/index.html

I couldn’t help but laugh when I saw this. Neither the agent nor the reporter have a clue what a messed-up house looks like.

First rule of house flipping …

Never open the refrigerator 😱😱😱

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Jay Hinrichs#2 All Forums Contributor
  • Real Estate Broker
  • Lake Oswego OR Summerlin, NV
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Jay Hinrichs#2 All Forums Contributor
  • Real Estate Broker
  • Lake Oswego OR Summerlin, NV
Replied Jun 18 2021, 20:20

I bought a court house steps home .. it was far worse than that..  I listed it without touching it and in the remarks I put 

" GAS MASK REQUIRED TO ENTER " also  no lock box front door is open.. come in  LOL..  someone bought it and I think they did Ok with it simply amazing what filth people can live in .. just amazing.  

then you have the tenant that complains with one mouse or  a dot of mold. LOL

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Dawn P.
  • Rental Property Investor
  • Sumter, SC
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Dawn P.
  • Rental Property Investor
  • Sumter, SC
Replied Jun 19 2021, 06:21

Ha, that house is nothing. Spray paint on the walls and a smelly freezer - big whoop.
 

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Jim Kalish
Pro Member
  • Real Estate Investor
  • Matthews, NC
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Jim Kalish
Pro Member
  • Real Estate Investor
  • Matthews, NC
Replied Jun 19 2021, 13:00

I'd buy these all day!  Some Kilz odor blocking primer, a coat of paint and LVP throughout.  100k profit! BAM!