All Forum Posts by: Austin Phillips

I got the house at an auction with no minimum. As far as why it only went for $120,000 is beyond me (maybe not enough marketing for the auction?). It's a 4 bedroom/3 bath house. I think if they just put it up for sale, it would have gone for around $200,000 at least because it doesn't have any major issues. It's just never been updated. Basically I was just wondering what are some things I could do to it without doing too much and not maxing out my ROI. I've flipped many houses in the past, but they have all been starter homes. This is my first move-up house like Silvio was saying. But I guess I didn't make myself very clear because I guess it seems like i don't really know what I'm doing to the house, which I do. Doing a more expensive house is just new to me and I figured you go about it a little differently than a first time buyer house. I just don't want to get caught doing some upgrades that I feel will go with the neighborhood, when in fact they aren't adding any real value to the house.

I just got a house for $120,000. it will be worth $240,000 minimum when I'm done and go to sell it. What are some ways that I can increase the resale on it other than updating kitchen and baths. $240,000 would be the low end of the neighborhood and I would like to sell closer to $260,000.