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Updated almost 8 years ago,
Flipper's Deal—SFR in Chicago, IL 60619—My Loss is Your Gain!
So we bit off more than we can chew with this one. I'm sure some people on BiggerPockets can relate.
We bought this house for $22,000 in January 2014 (lol) and over the years we've probably spent four times that money trying to fix it and we're still not nowhere close to finishing it.
So now we're done. We're exhausted and we just want to get this property off our hands.
I'm not going to lie, there are a lot of issues with this house still, so I'm not going to tell you it's a once-in-a-lifetime opportunity or tell you how much you're going to make off it. I'm not even going to tell you that the obnoxious amount of money we've already spent on it went into the right things.
All I can tell you is, I'm sure someone with more experience than us can finish this damn house and sell it for profit. Do your own research of how much the turnkey market value is and how much rehab it's going to need, then tell me how much you're willing to pay for it.
TL;DR Make us an offer. Serious cash buyers only as it probably won't qualify for a mortgage. House will be sold AS IS to the highest bidder.