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All Forum Posts by: Henry Sims

Henry Sims has started 2 posts and replied 25 times.

Post: Diary of a new flippers, 1st flip, Chapel Hill NC

Henry SimsPosted
  • Investor
  • Rutherfordton , NC
  • Posts 25
  • Votes 9

Post: Diary of a new flippers, 1st flip, Chapel Hill NC

Henry SimsPosted
  • Investor
  • Rutherfordton , NC
  • Posts 25
  • Votes 9

@Account Closed, I trimmed a bunch of trees and under brush and made 2 parking spots and spread some gravel on the driveway. I'll post a before and after picture and few pictures to my website. www.sprucepropertysolutions.com

Post: Diary of a new flippers, 1st flip, Chapel Hill NC

Henry SimsPosted
  • Investor
  • Rutherfordton , NC
  • Posts 25
  • Votes 9

@Larry Roberts found them online at Kitchen Cabinet Depot. Shipping time was about a week. They came ready to assemble. I spent about a day putting them all together while the flooring company was installing the engineered hardwoods. 

@Account Closed electrical is good and the plumbing well the water lines are all new PEX. The house was built in 74. It had been sitting empty for the last 2 years or so. I think someone had stolen the copper waterlines so I think the seller had the new PEX lines installed before they listed it. If I would have hired everything out it would have been closer to $50K as well. For example, the tile and materials to install it cost $1600 and the labor to install it was $1500. The hardwoods was $1800 to buy and $1500 to install. I spent 2 days cutting trees and underbrush that had tried to take over the lot and house and paid $300 and helped a crew chip up the brush.

Post: Diary of a new flippers, 1st flip, Chapel Hill NC

Henry SimsPosted
  • Investor
  • Rutherfordton , NC
  • Posts 25
  • Votes 9

Post: Diary of a new flippers, 1st flip, Chapel Hill NC

Henry SimsPosted
  • Investor
  • Rutherfordton , NC
  • Posts 25
  • Votes 9

After 2 months of work this project is coming to a close! I've stayed really close to the $20k rehab budget. Here is a picture of the kitchen. I'll post more pics tomorrow. Met with the realtor today going to list it at $179,900. 

@Kate Lee

The HML I used wanted stated income and credit score verified my bank statement when I sent the application in and again 2 days before closing. They also required an appraisal and inspection to verify that my ARV and my rehab budget was correct.

Post: Diary of a new flippers, 1st flip, Chapel Hill NC

Henry SimsPosted
  • Investor
  • Rutherfordton , NC
  • Posts 25
  • Votes 9

@Glen DokiI'm not sure if I'll have time to do it. I read a lot about how to install and sand hardwood floors and I've watched a lot of You Tube videos and I'm pretty sure I could do it but from a timing stand point I'm not sure I want to take the time to do it. I'm going to get quotes from a couple of different flooring companies for the cost of buying flooring for the entire house and having them install it. 

Post: Diary of a new flippers, 1st flip, Chapel Hill NC

Henry SimsPosted
  • Investor
  • Rutherfordton , NC
  • Posts 25
  • Votes 9

Progress so far..

Kitchen cabinets removed and fridge was hauled off by Duke Energy. Some of the vinyl flooring removed. 

Bath room gutted! Also scrapped the popcorn off the ceilings! Need to finish pulling the wallpaper off the kitchen and bathroom walls and remove the rest of the vinyl from the floors.

Post: Diary of a new flippers, 1st flip, Chapel Hill NC

Henry SimsPosted
  • Investor
  • Rutherfordton , NC
  • Posts 25
  • Votes 9

8x8 Kitchen with laundry room behind the bifold doors. I'll move the fridge to the end of the right side of cabinets, use all stainless steel appliances, install white cabinets with granite tops, and put in some type of back splash.  

This is the only full bath in the house. It actually is a little bigger than it looks because it has a double vanity. I'm going to put in a new tub, tile the flower and shower, and a new double vanity.

Post: Diary of a new flippers, 1st flip, Chapel Hill NC

Henry SimsPosted
  • Investor
  • Rutherfordton , NC
  • Posts 25
  • Votes 9

@ Peter Philando I didn't use the flip calculator for this one. The comps the realtor sent had pictures of each one. The house at the top end were in the mid $180's and maxed out at $195. All had hardwoods and new updated kitchens.

Today's plan remove kitchen cabinets and gut bathroom.