It has been over 2 months since I bought my last flip. But I bought one on Tuesday of this week and another one today. The drought is over! I also have four more under contract to buy this month!
This house I bought for $207.000 from the MLS so I made three percent as the agent. I think we will be putting about $50,000 into the repairs since it needs a lot of work. The house has a very old gravity furnace in it and fuses still. We will spend a lot of money on the HVAC and the electrical. We will also redo the kitchen, baths, paint, and flooring. We will have another $20,000 in other costs and I think it will sell for $315,000.
You can see the full video below:
