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Updated over 8 years ago,

User Stats

124
Posts
46
Votes
Jeremy Galloway
Pro Member
  • Real Estate Agent
  • Birmingham, AL
46
Votes |
124
Posts

Newbie in Bham with a Semi Flip under my belt

Jeremy Galloway
Pro Member
  • Real Estate Agent
  • Birmingham, AL
Posted

Good afternoon everyone, 

I wanted to try to connect with investors in the Birmingham Area as soon as I can so figured a post would work the best.  I've been a part of BP for about 3 months and have been consuming both the podcast and the No Money Down book since then.  We bought a house in Roswell a couple of years back before knowing that we would sell it after the birth of our second son.  Moving back to Bham allows us to be closer to family as well as a great real estate market to be physically in.  

As the subject claims, I do have a semi flip. Nothing was wrong with the house but updated a few things that allowed us to have a pretty good profit off the house that we closed on last Friday! House was a 4BR/2.5 Bath SFH built in 1969. Bought for around 225K and sold for 300K. What we do it? Father in law, Brother in law, and myself removed all the parkay flooring/carpet in the downstairs rooms and put in bamboo floating flooring, removed about 90% of a pond and made a seating area, removed a wall between the living room/front room, and put a little lean to house for my 3 year old... all of which was a lot of sweat equity but cost less than 10K. (putting some before and after pics too) Of course a new elementary school helped the prices as well even though our neighbors were sad to see us go they were happy about the price sold on the house.

So what now? I'm looking to connect with other real estate ppl to get things started in Bham. I'm already planning on going to some of the REI meet ups, driving through some neighborhoods to get a good lay of the land, and staying on here/podcast whenever I get some free time. Would like to do a couple more flips in the area and then turn to buy and holds for long term. Love to hear any feedback or question! OLD AND NEW PICS (semi flip)

  • Jeremy Galloway
  • [email protected]
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