Updated over 8 years ago on . Most recent reply
My first "Tiny House" flip...
She's not much of a looker right now but this tiny house (912 sq ft) features 2 bedrooms 1 bath and what will be a spacious kitchen...
Scooped this lil puppy off the MLS at what I think is a pretty good deal ($61k) especially considering this house sits on a nice 50 x 100 lot next to park and that vacant lots in the area are going for $60-75k...
In fact, here is why I believe I bought the home while most investors passed on it...
At one point and time the above space was a kitchen... you can't tell but the floor has also sank by 6 inches or so (termites)...
If we were in another place financially we would keep this in our Buy & Hold portfolio as land values are rapidly increasing in this area because of it's close proximity to downtown Houston and several major freeways.
Currently we are completing the installation of all new plumbing and passing our structural inspection so that we can insulate and bring on the sheetrock! At just 912 sq. ft. we are packing this house with some cool design elements and we removed 2 walls to open things up...
Stay tuned...