My Latest Flip in Cape Coral, Florida. Some before and afters

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Investor · Concord, NH · Member since 2015 · 5 posts · 4 votes
10y

I'm amazed that you could do this for $35k.  

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  • Investor · Fort Myers, FL · Member since 2012 · 462 posts · 200 votes
    10y
  • Investor · Fort Myers, FL · Member since 2012 · 462 posts · 200 votes
    10y
  • Investor · Fort Myers, FL · Member since 2012 · 462 posts · 200 votes
    10y

    I can flip a house, but I can't figure out how to easily load multiple pictures at at time into my post.....

  • Tucson, AZ · Member since 2015 · 70 posts · 24 votes
    10y

    Patiently waiting for the remaining after pictures haha

    Looks amazing!!  Great job!

  • Investor · Fort Myers, FL · Member since 2012 · 462 posts · 200 votes
    10y

    Some information about this particular flip.

    I purchase for $65,000. Spent roughly $35,000 in rehab. I currently have listed for $169,000.

    Some of the repairs included-

    Connect to city water and sewer. Repipe the house. New vinyl siding. New flooring throughout. Gut and replace kitchen. Gut and replace both bathrooms. New fixtures throughout interior and exterior. Landscaping. Massive tree removal. Sod front yard where city connects were made. Paint driveway and garage. New HVAC.

    All in all this flip took about 3 months. It should have taken two, but we had major delays with the city and inspections.

    Please feel free to ask any questions and I will work to upload some more photos in the future.

  • Investor · Louisville, KY · Member since 2011 · 1k+ posts · 1k+ votes
    10y
    Originally posted by @Brit Foshee:

    New vinyl siding. New flooring throughout.

    The one exterior photo looks like stucco finish. Is there siding on the sides/rear?  Also wondering about the flooring...looks like you did an engineered wood or laminate throughout.  I love the floors, but the SWFL norm seems to be tile...think that will cause any issues

    Good looking numbers on this...I'd love to walk through the property or do a drive-by.  PM me if you're free at all to walk through or shoot me the address if you don't mind me driving by.

  • Investor · Fort Myers, FL · Member since 2012 · 462 posts · 200 votes
    10y

    @Michael Seeker

    So originally the home was wood siding. We moved all of it, put a vapor barrier down and vinyled the whole house. This turned out to be by far the biggest expense but there was really no way to get around it because of how damaged the exterior was.

    You are correct. Tile is definitely the "Standard". We used a laminate wood floor.  I have found that people are generally misinformed about the functionality of laminate and when they see it and understand it's durability and how to care for it, they are very open to it.  You certainly eliminate some investor/buyers by not using tile.

    Are you in the area ?  I can definitely meet up with you and show you the property. You're more than welcome to drive by as well.

    Thanks-Brit

  • Rental Property Investor · Chicago, IL · Member since 2015 · 31 posts · 10 votes
    10y

    Great project Brit. Beautiful house. Just wondering - out of the $35k, how much did it cost to replace the entire piping? And secondly, how much to reno each bathroom? Looks amazing

  • Investor · Fort Myers, FL · Member since 2012 · 462 posts · 200 votes
    10y
    Edwin Gachinga There were two plumbing costs- one to repipe the entire house (included new hot water heater and all new fixtures). That was $3300. The second was the connect to the city water and sewer. That was $1950. For the bathrooms we literally took everything out including the toilet. It's silly to gut a bathroom and not spend $100 for a new toilet. Hope that answers your questions.
  • Investor · Fort Lauderdale, FL · Member since 2015 · 172 posts · 30 votes
    10y

    @Brit Foshee, Great job! The property really turned out great. Great numbers as well. Are you planning to stage the property?

  • Rental Property Investor · Chicago, IL · Member since 2015 · 31 posts · 10 votes
    10y

    @Thanks Brit, I am learning the ropes here :-). Approximately how much would it cost to entirely gut a bathroom and make it this pretty? 

  • Investor · Fort Myers, FL · Member since 2012 · 462 posts · 200 votes
    10y
    Thanks Courtney Merricks. I'm not big on staging at this price point.
  • Investor · Fort Myers, FL · Member since 2012 · 462 posts · 200 votes
    10y
    Edwin Gachinga It cost me roughly $3,000 for labor and material. Material includes tile, vanity, toilet, etc.
  • Real Estate Broker · Cape Coral, FL · Member since 2014 · 382 posts · 300 votes
    10y

    Hey Brit. 

    Nice looking flip. I like the finish choices. 

    Good luck!

  • Rental Property Investor · Chicago, IL · Member since 2015 · 31 posts · 10 votes
    10y

    Thanks Brit & good luck in selling it asap.

  • Developer · Catonsville, MD · Member since 2013 · 11 posts · 1 vote
    10y

    Great project ! Thanks for the details learning alot.

  • Investor · Edwardsville, IL · Member since 2015 · 432 posts · 481 votes
    10y
    Nice job Britt! I've redone a few in Cape Coral ( I hold) but not quite that bad. I think you are right on the money with the snowbirds starting to head South. Good luck!
  • Investor · Fort Myers, FL · Member since 2012 · 462 posts · 200 votes
    10y
    Thanks guys! It was a fun project! Jim Shepard Lear Walls Edwin Gachinga
  • Military Aviator · San Diego, CA · Member since 2015 · 4 posts · 2 votes
    10y

    Brit, the final product looks great.  How did you initially find this property?  I am trying my hand at some new marketing techniques and I would love to see how you are finding a place like this.  Thanks.

  • Investor · Reseda, CA · Member since 2015 · 66 posts · 68 votes
    10y

    That looks awesome, Brit!

    I currently just buy to rent. I've been seeing some attractive returns on flipping and would like to try it. 

    What would you recommend to someone that wants to start flipping?

    Was it all your creative input that was applied into taking the house from the old to the new or did you get some help in figuring out what would go into the new place?

    I ask because I wouldn't know where to start :)

  • Investor · Concord, NH · Member since 2015 · 5 posts · 4 votes
    10y

    I'm amazed that you could do this for $35k.  

  • Brooksville, FL · Member since 2012 · 429 posts · 220 votes
    10y

    Nice Job...i'd be a little nervous about it selling closer to the 130k mark though.   I'm not really active in the cape coral area so my figures could be off.     House would appear to lack the sqft it needs to get into the 150k+ bracket.     

  • Investor · Fort Myers, FL · Member since 2012 · 462 posts · 200 votes
    10y
    Chris Schwamberger This particular project came from networking. A real estate agent called me and asked me if I would be interested before it hit the market. The important thing is following through with what you say you're going to do. If I say I'm going to buy a house...I buy it. So people will bring me homes because they know I'll follow through.
  • Adam BartomeoBusiness Member
    Real Estate Broker · Cape Coral, FL · Member since 2015 · 2k+ posts · 1k+ votes
    10y

    Great job! May be we can do some business in he future.

  • Investor · La Marque, TX · Member since 2014 · 73 posts · 30 votes
    10y

    You got all that done for 35K?

    Looks really nice.

    If you can find the time I'd love to see a price breakdown.

    Thanks for sharing.

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