First live in flip almost completed!

First live in flip almost completed!

Jacksonville, FL · Member since 2016 · 15 posts · 14 votes

In May of 2016 my wife and I decided to quit throwing away money on renting and attempt our first live-in flip.  We bought our house for $214k in Henderson NV and have since put around $10k and a lot of hard work into it. We are quickly approaching May 2018, which is when we will put it on the market.  We are hoping to get around $275k for it.  So, if all goes well we will have about $35k in profit.  Combine that with the $10k we will have payed off over the 2 years on the balance, and the $10k back that we put into it and we should have around $55k to use towards our next venture.  Nothing to crazy, but sure beats the $30k we would of just thrown away the last 2 years renting!  

Below are a few before and after pictures of the progress.  I will update the post once we list the house for sale. 

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Ellis HammondPro Member
Investor · Leawood, KS · Member since 2017 · 178 posts · 108 votes
8y

hey @Luke Marlar great job! My wife and I are going through same process currently. Interested in why you are planning to sell instead of a possible refinance where you can pull some of your cash out and then rent the place and have someone pay down mortgage? 

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  • Investor · Taylor Mill, KY · Member since 2016 · 2k+ posts · 964 votes
    8y

    @Luke Marlar Congrats and it looks great! I did this with my wife too, lots of fun...... (sarcasm) :). But seriously we enjoyed the process and outcome, definitely strengthens a relationship!  

  • Flipper · Napa, CA · Member since 2017 · 8 posts · 3 votes
    8y

    Looks great man! Good luck!! 

  • Baltimore, MD · Member since 2017 · 3 posts · 0 votes
    8y

    Total face lift, looks great!

  • Southern, MD · Member since 2017 · 16 posts · 6 votes
    8y

    Looks great Luke, best of luck with the sale!

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