Hoarder house Flip after not being active on here for 3 years!

[Conrad D.]

I decided to sign back in to my account today and can’t believe it has almost been 3 years since my last log in! Have been meaning to share my recent progress in house flipping because I used to cruise these forums a ton starting out. I learned a lot reading them so figured I’d post now in hopes that it helps somebody some how. 

with the budget I had available, finding a house to flip took making a lot of offers and being turned down a lot. I made up my mind that if I couldn’t buy and fix up a house and be sitting at 75% of the resale value I wouldn’t buy it. Eventually I was able to find a hoarder house being auctioned that I think no one else wanted to deal with. So in September of 2018 I finally got a place To flip. It took 6 30 yard dumpsters just to get rid of the hoarding trash. I did all the work on the rehab except for the new heating system, spray foam, and roofing. It took me about 8 months to complete. And was able to get the sale to close at month 11 of owning the property. In the end the project took a little longer than I expected and I underestimated just how much junk was packed in there. But it worked out and has enabled me to continue flipping.

I bought the house for 52k. Renovation cost 54k. after realtors fees were taken the house brought in 185,250.