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First Flip - Second House

 
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Old 01-30-2019, 01:43 PM   #61
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Re: First Flip - Second House


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I also ended up purchasing another house which is two doors down. It had a sewer backup in an unfinished basement and I got it for a steal.

https://ibb.co/album/fJ2qwF

Got it , what was the remediation plan and I am guessing its not expensive
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Old 01-30-2019, 02:00 PM   #62
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Re: First Flip - Second House


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Sometimes it pays to deal with crap others won't.
Fixed autocorrect changed the post...
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Old 03-20-2019, 06:15 PM   #63
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Re: First Flip - Second House


looks good on picture hope you sell big $$$$
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Old 03-21-2019, 06:33 AM   #64
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Re: First Flip - Second House


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Flooring is what is scaring me. I definitely at least need hardwood in the main floor and that tripled my flooring budget.

Kitchens - I just replicated that kitchen in the pictures above on Ikea and it is $2800 but with an Oak countertop and a couple more cabinets . Oak countertop, a big no or a yes? I was thinking it may be acceptable if you can almost match it with an oak looking flooring? Id have to add appliances on top of this of course.

I want to put the laundry room where there fridge is in the pics above, make a small closed off room with a stackable.
Hey Frenchy, Not sure what area of Ontario you are in. However with so many of these flip houses on the market you have to make yours stand out. Everyone is doing open concept, laminate floors, white kitchens with grey paint.

Ask your realator what sells. We just finished a house in Brampton, ONT and did a legal basement for the home owner as they thought that would be a key selling feature. They said "everyone that has come through, liked the place. But don't like the price".....

For hardwood/kitchen check out http://bryansfarm.com/auctions.html?...SABEgIfbvD_BwE

you may be able to save some money there.
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Old 03-21-2019, 10:00 AM   #65
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Re: First Flip - Second House


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Hey Frenchy, Not sure what area of Ontario you are in. However with so many of these flip houses on the market you have to make yours stand out. Everyone is doing open concept, laminate floors, white kitchens with grey paint.

Ask your realator what sells. We just finished a house in Brampton, ONT and did a legal basement for the home owner as they thought that would be a key selling feature. They said "everyone that has come through, liked the place. But don't like the price".....

For hardwood/kitchen check out http://bryansfarm.com/auctions.html?...SABEgIfbvD_BwE

you may be able to save some money there.
SMPL,
I actually go to a similar auction. What I find is that more often then not, there is a better deal to be found or there is a reason the stuff is at auction. For the convenience and time I use Lowes. 15% off for contractors.

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Got it , what was the remediation plan and I am guessing its not expensive
The remidiation plan was to rip the whole basement out and start fresh Walls were stipple.

This house will be the biggest money maker.
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Old 03-21-2019, 10:08 AM   #66
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Re: First Flip - Second House


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Hey all, so I kind of stopped posting as I wasn't getting many responses so I didn't think anyone really cared haha.

This house was completed just before Christmas and going on the market on Friday. It actually turned out really well and the stairs turned out great.

I had a bit of a snag at the end, the guy I normally get to make my custom vanities and islands took off on me and had to scramble to find someone. Ended up costing me a lot more.

Here's some of the last pics I took, I'll post the MLS listing early next week.
Sorry all I vanished, so this house was completed and sold in 2 weeks. I was not happy with this house as there was so many flaws to work with. I made made some great money but ended up spending a lot and didn't get the results I wanted. But I was working with what I had.

Heres a link to all progress pics.
https://ibb.co/album/nG8Ctv



Kitchen:
Not happy with the backsplash.


Front door purchased at auction for $200










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Old 03-21-2019, 10:14 AM   #67
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I also ended up purchasing another house which is two doors down. It had a sewer backup in an unfinished basement and I got it for a steal.

https://ibb.co/album/fJ2qwF

An update on this house. It is actually finished as well as of last night. This house will be the biggest money maker, and the least amount of labor I have put into these houses personally.

This will be listed on Monday.

I'll update with more pictures shortly. Follow the link for what I have now. https://ibb.co/album/fJ2qwF

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Old 03-21-2019, 10:25 AM   #68
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Re: First Flip - Second House


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An update on this house. It is actually finished as well as of last night. This house will be the biggest money maker, and the least amount of labor I have put into these houses personally.

This will be listed on Monday.

I'll update with more pictures shortly. Follow the link for what I have now. https://ibb.co/album/fJ2qwF

BINGO!...

Congrats!...


Are you self-financing ?
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Old 03-21-2019, 11:46 PM   #69
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Re: First Flip - Second House


how are you able to flip that many homes in these short amount of time?? i mean doesnt the tax man know your running this a business and not as an home owner..
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Old 03-24-2019, 10:37 AM   #70
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Re: First Flip - Second House


just caught up on your thread-looking good (y)
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Old 03-27-2019, 09:16 AM   #71
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how are you able to flip that many homes in these short amount of time?? i mean doesnt the tax man know your running this a business and not as an home owner..
I do it under a business for the most part.

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just caught up on your thread-looking good (y)
Thanks,
Just listed the most recent house yesterday. Unfortunately the backyard is full of garbage frozen into the ground!

Follow the link below for all the pics.

https://ibb.co/album/fJ2qwF













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Old 03-27-2019, 09:19 AM   #72
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As you can see we keep the exterior work to a minimum. On this house I simply spray painted the mail box, cleaned up the interlock and replaced the front door and exterior light.
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Old 03-27-2019, 09:36 AM   #73
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Where do you find these?
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Old 04-11-2019, 02:30 PM   #74
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Just picked up another one today, very little profit in this but I can't find anything right now and need anything right now to just keep things going..

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