First live in flip almost completed!
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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Most Popular Reply
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?