My First "live-in Flip" Step 1 with before and after pics

[Cam Jimmy]

I have completed the beginning stage of my first "live-in flip" here in Anchorage Alaska. We have fixed up a house that we want to live in for 2-5 years, and I am proud to say I am done with the "fix-up" portion! Purchase price was 245k, cash invested to fix up was 60k. All-in at 305k. My estimate was 45k in repairs, and I was waaaay off. I could probably sell this today for 350k. This wasn't my best flip I've done, but at least I learned a ton in the process. I originally said I wasn't going to pay more than 225k, and I should have stuck with my guns... but I got emotional about the house, which is a no-no. Hopefully the market appreciates a little bit in the next couple years to make this flip really worth it. A huge positive note is, I get to live in a brand new house, which is Awesome! The wife is super happy about that. I financed this deal using the same Heloc as my first BRRRR 2 years ago (you can find that post on my page with pics with that one as well). I lived in my old house while fixing this one up, and my old house is getting sold at the moment, so the timing was perfect. After I own this new house for 6 months, I will "cash-out refinance" it and pay the Heloc back, and the its on to the next one.

[Keenan Fitzpatrick]

Great job! I really like the beam that you used to open up the kitchen. The open shelves look great too. The overall black/white them with nice, warm wood accents is my favorite right now and looks amazing. 

I'd think there's a good chance you might be able to get a little more than $350,000 with a 2-car garage but maybe not. I usually sell 1-car garage split entries on the eastside for about that much. I don't know nearly as much about the property as you do. I just figured it was worth a mention if it helped you find a little extra value. 

Where did you find your rehab estimates to be accurate and where did you find them to be inaccurate? 

Fantastic job overall and thanks for the great post with pictures!