Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

408
Posts
242
Votes
Deren Huang
  • Real Estate Agent
  • Tulsa, OK
242
Votes |
408
Posts

3rd times the charm...

Deren Huang
  • Real Estate Agent
  • Tulsa, OK
Posted

MAN, what a crazy flip! Lots of lessons learned on this one but in the end a success!

I bought this deal from a local wholesaler, I was wanting to do a bigger projects and make something beautiful. This is the largest house I have renovated and the biggest renovation.

Construction went well, but we got hit with a huge surprise the asphalt shingles were laid on top of the original wood shingles, not only more labor to tear it off, but more labor and material cost for the decking.

But, by the time it was over I had delivered an AMAZING house. Put it up on the market in late November, the butt-crack of winter. BUT, received 2 offers with about 1 week on the market. LONG story short, that offer dragged out until 1 week before closing and they backed out.... 

Back on the market without it being staged... I should've restaged it immediately, but jumped over a dollar to get to the penny. 

Lots of showings but no offers.

Finally decided to stage the house again after a month back on the market, the first weekend, an OFFER... what an amazing thing staging can do... 

Solid offer, but they hired an engineer that basically convinced the home owners that the roof was going to collapse on itself, I HAD an engineer's report stating that everything was fine. 

2nd offer busted....

FINALLY, the 3rd offer closed....

What a crazy journey, lots of emotions and frustration.

Loading replies...