Wednesday, June 29, 2016

We Are Going To Try Flipping...........Crazy

Hubby and I have jumped into a house flipping adventure.  We put in a offer on a HUD home and it was accepted.  Now we just have to wait for the closing and we can start tearing apart and fixing up our little flip.  SO EXCITED!  It is around 1200 square feet, three bedrooms and one bath.  Let me give you a tour of some of the problems we will be facing so you will be really impressed with the after pictures!
 Check out this old door!  It is an exterior door into the garage.
 So this is weird.  The master closet and the second bedroom closet sit side by side and have no dividing wall.  I am looking from bedroom number 2's closet right into the master closet.  Weird.  Plus check out the peeling vinyl tiles.
 At least the closet has a rod.
 So here is the story on the house.  Foreclosed on by the bank and then they hired a fly by night contractor wh did a terrible job of "fixing it up" for sale.  The Bank then couldn't sell it and finally let it go back to HUD.  We picked it up for way cheap, as is.  One of the big issues is the new drywall.  You can't tell from this picture but the seams and mud are terrible.  We have to redo all the tape and seams.
 One of the cool things about this house!  Bread Box in one of the drawers.  That definitely stays!
 Ugly old appliances.
 The cabinets are in great shape.  We will be painting them white.
 Gross ceiling stuff.
 More kitchen cabinets.
 Weird add on room.  Really small and just off the kitchen.  I have plans for this!
 Here you can see the tape peeling.  What a mess.
 Galley kitchen.  You can see the foyer and front door in the back.
 Carpet in the kitchen?????
 I am still debating these nobs.....what do you think?  Will they go with a cottage decor?
 We have a lot of window ledges and molding to replace.
 And this cute little built in needs some love.
 The molding is serious messed up.
 OK, here is one of the issues our realtor. my husband and I are having conflict about.  I want to tear this sucker out but they say it has resale value.  Yuck.  If we keep this I am not going to be the one to clean it out. 
 Part of the bathroom "remodel" of the previous contractor.
 Rotted siding.
 Broken french door.
 More rotted siding.
 Back to this door.  I seriously am keeping this when we replace it with a new one.  Love the peeling paint but the new buyers probably won't so out it goes.
 Green moss everywhere the sun don't shine.
 Wasps and birds will be losing their home.

 Super creepy carport.  Again, realtor says keep it but I would love to tear it down.
 Kitchen door.  More moss.
 Rotted floor boards in the one and only bath.  And it is really tiny.  That means I can I can buy higher end finishes since it won't take much.
Everything was winterized but we will see when we turn the water back on.  
 Another plus, wood floors under a lot of the carpet.
 Master bedroom.  They painted the wood floors in here and I love them but I think we will have to sand them down so it appeals so more buyers.
 Here is another weird thing.  When they built the addition they landlocked the third bedroom.  NO WINDOW.  But we think we have a solution to bring natural light into this room.
 Cute closet door is definitely staying.
 The house has a huge foyer.  Here are the corner windows.
One more photo to show the crappy plastering and molding.  Also notice the texturing on the walls of the kitchen.  Big blobs of popcorn on the walls.
 Another plus.  This house sits on over one acre.  It has a few fruit trees too.  The red shed in the back need some work but it is really cute.
We have some plans for the front porch too.
So the hardest part of this project will be not getting too emotionally involved and keeping costs down.  I have to remember that I won't be living here and that we are trying to make a profit.  Really hard!  I so want to put pretty things in this little house.  I can but I will have a budget so I can't go crazy.  Really really hard.

4 comments:

  1. We've been "flippers" for over 50 years...just finished one this week and are working on two more now. I have some pictures I can email to you if you would like to see some before and afters. Our homes were also featured on Texas city/state home tours during and after the flipping process. We also had a red 1964 Mustang convertible. Good luck on your new/old house project. Donna

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    1. I would love to see your pictures!

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  2. I sent a before and after picture of one of our tour houses. Were you able to get it? The other interesting thing is your flipping blog was written on my birthday, June 29th.

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    1. I didn't get them.....so sad. Here is my email. pikediana@hotmail.com
      Weird how many overlaps we have! Now if you tell me you quilt or have a vintage trailer I will really freak!

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