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  1. #191
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    Before


    Work in progress


    New wood, painted, installing trim. Goal is just a clean and nice house. Nothing spectacular, be here for 2 years and then sell for a good profit. Will get a better WIP picture today after work.
    Im out, its been fun

  2. #192
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    Im out, its been fun
    Likes Falcarius liked this post

  3. #193
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    Found another house. Would be a flip house. If they will drop price $10k we can profit $15k.

    Just for info on hard loans with flipping.

    House appraisal remodeled is roughly $250k

    House $175k purchase
    Closing (buy) $13.5k
    Realtor (sell) $15k
    Closing (sell) $3k
    2 months interest on hard loan @ 12% $4.5k
    Repair est. $23k


    Will probably lose to a cash buyer as they have $15k less cost and dont need that extra $15k. Just outside of hard money loan costs.
    Im out, its been fun

  4. #194
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    Backed out. Closing cost was gonna be $39k with a monthly cost of $2400 not including repairs. Being that we just closed on a fixer upper in middle of june and dumped thousands into it plus closing costs and have to remodel gutted bath and get other house ready for renters we couldnt do both $39k closing and find monthly expense cost at the moment. If we came up with the $39k we couldnt find the monthly expense costs and vice versa. Putting off until beginning of next year. We did learn alot about the process though and made some good connections.
    Im out, its been fun

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