We installed vinyl plank flooring throughout the main level, new interior doors, trim, a shiplap wall in the living room, new paint, new recessed lighting, new kitchen cabinets, counters, appliances, sink, and landscaping to the exterior.

Currently I am employed as a Landscaping Foreman.

I spent the first year and a half here building up a house flipping business, and from the end of 2018 to the beginning of 2020 I was a part of 22 flips in varying capacities: agent, developer, general partner, air conditioning repairman, landscaper . . . just kidding on those last two (but not really.)

Repainting the exterior, landscaping, replacing or adding lighting, new flooring in common areas etc. 

Purchase price: $164,000 Cash invested: $8,000 mudding and drywalling, opened up kitchen, bathroom remodel, floors, paint, roof, landscaping, updated garage (insulation, heat, paint, redo face with cedar and stain)The home has 1 bathroom.

We could see the potential and the sellers had put a tremendous amount of work into the landscaping and everything.

We could see the potential and the sellers had put a tremendous amount of work into the landscaping and everything.

Yet, when I research those "bad" areas through Google Maps, I see pride of ownership with many well cared for building structures and landscaping.

A full renovation including white shaker cabinets, granite, upgraded kitchen and bathroom, refinished hardwood floors, SS appliances, stackable washer & dryer, 2" faux wood blinds, landscaping, NEW sewer line, NEW HVAC, and much more!

. = 8% of rent ($152/month)HOA Fees = $46/monthUtilities / Landscaping = $0 (paid by tenant)Principal & Interest = $1,050/monthOperating Income = $1,748/monthOperating Expenses = $865/month (49% of income)Cash in deal = $85,250 ($55k down + $8,250 purchase costs + $22,000 rehab costs)Cash flow = -$167/monthCoC = -2.4%Unless I can get this house for significantly cheaper, this is not at all close to a deal I would want.