All Forum Posts by: Blaine Hubert

Here is an after pic of what we came out with... does not look perfect but was good enough to sell the house to the first people that looked at it.

Let me know what you think.

Thanks

I finally got a chance to upload some after pics.

Feel free to have a look and compare to the before pics and let me know what you think.

Thanks

http://www.904kingswood.com/after

Just had some questions about how much of the profit I can expect to put back to pay capital gains taxes. I want to put it back and invest the rest into my next property.

I live in Ohio.

Thanks

Just wanted to give an update on my first flip... Sorry, I don't have any after pics yet but will have them in the next couple days.

I have just a few very minor things left to do... about 2-3 hours worth of work.

I'm meeting with some people tonight to sign the paper... the house is SOLD already!

Final numbers:
Purchase Price: $72,000
Materials: $16,466.92
Labor: $9,185.00
Advertising: $137.65
Expenses: $79.49
Garbage Disposal: $486.78
Furniture Rental: $216.81
Landscaping: $967.02
Tree Removal: $150
Buying Closing Costs: $1500.00

Holding Costs: $1,435.87

Total Investment: $102,625.54

Selling Price: $134,000

Sold the house ourselves so no agent fees.

Total Profit: $31,374.46 - Selling Closing Costs

I think we did pretty good on this deal for a first time. Anyone have any comments or questions on any of my numbers?

Thanks

I went ahead and cleaned the whole thing with Muriatic acid. This took off all the old grime and smoke tar stains... I think it looks much better than before and a little lighter.

This house is now done just finishing up on staging it and will get after pics posted on my other thread. Already received an offer on the house and in negotiations on getting a little more out of it.

Thanks for all the help.

This house is a flip. We are almost done and I'm just looking for a way to make the fireplace more appealing.

I have removed the popcorn on the ceiling and painted it white. Went with a neutral color on the walls and replaced the carpet with new walnut color frazee carpet. Also replaced all the trim with bright while. Everything is looking very nice and hoping to put all the finishing touches on the house by the end of this coming weekend.

Anyone else have an idea to lighten up the fireplace? I've had several people (family and realtors) come through the house and suggest that the fireplace is the only thing lacking in the house.

Also, finished pictures will be added to my other thread as soon as everything is completed.

Thanks

Hello,

Can someone please help me find a way to lighten the stone on this fireplace without damaging it?

I have no idea other than spaying it with paint or something but not sure how that will work.

Does anyone know how to go about lightening the color of stone?

Thanks

This looks like a loser to me... I've not had any rentals yet but learning as much as I can about rentals while I'm working on my first flip right now...

if your Principle and Interest is at $398 then with rent at $700 you are losing $96 a month on this deal. This is taking into account the average actual operating expenses in the US of 50%.

If anyone else sees this differently let me know as I would be interested in seeing how you would analyze this deal.

Thanks

Going to try to sell it By Owner first to see how that goes...

If it does not sell in the first month or so I'll probably list it on the MLS.

Hi,

I've finally got some before pictures of this home before starting to work on it... All I did was remove 20-25 sq/yards of garbage out of the house.

I think I forgot to upload the exterior pics, but they might be in there...

Notice all of the smoke stains and tar on the walls throughout...

We have a 2-3 more weeks I think and the whole thing will be completed.

Let me know what you think.

http://www.dumptrucksinfo.info/house

Thanks

Below is a list of everything that is brand new in the house:

All 3 Bedrooms:
Paint (walls and ceiling)
Baseboard Trim
Casing Trim
Bifold Clost Doors
Entry Doors with knobs
Carpet
Ceiling Fan
Outets
Switches

Mast Bath:
Paint (walls and ceiling)
Baseboard Trim
Casing Trim
Entry Door with knob
Ceramic Tiles Floor
Exhaust Fan Fan
Outets
Switches
Shower with faucet
Toilet
Pedistal Sink with faucet
Mirror
Lighting Fixture
Towel Racks

Hall Bath:
Paint (walls and ceiling)
Baseboard Trim
Casing Trim
Entry Door with knob
Clost Door with knob
Ceramic Tiles Floor
Exhaust Fan Fan
Outets
Switches
Bath Tub and Surrond with faucet
Toilet
60" Vanity with Double Sink
Lighting Fixture
Towel Racks

Living Room:
Paint (walls and ceiling)
Baseboard Trim
Casing Trim
Steel Entry Doors with knob
Carpet
Ceiling Fan
Outets
Switches

Family Room:
Paint (walls and ceiling)
Baseboard Trim
Casing Trim
Carpet
Ceiling Fan
Outets
Switches

Dining Room / Kitchen:
Paint (walls and ceiling)
Baseboard Trim
Casing Trim
Bifold Panrty Doors
Laminate Wood Flooring
Lighting Fixtures
Outets
Switches
Maple Cabinets
Formica Countertops
Stainless Steel Appliances (Refridgerator (side-by-side), Stove (Flat top), Dishwasher, Microwave (over range) )
Orgainizer in Pantry

Hallway:
Paint (walls and ceiling)
Baseboard Trim
Casing Trim
Liminate Wood Flooring
Light Fixtures
Outlets
Switches

Outside:
New Roof (Dimensional Shingles)
Light Fixtures,
Landscaping
Siding (although most of the house is brick)
Storm Door