I bought the house for $218,000, we spent about $50,000 on the repairs, and we spent another $30,000 on other costs, but we listed it for $425,000 and it is already under contract! It will be a good flip although it is selling for much more than we thought it would when we bought it.
We bought this property from a wholesaler and I go over that process in this video here: https://www.youtube.com/watch?v=FYS14PheoFU&t=10s
You can see what the house looked like when we first bought it here: https://www.youtube.com/watch?v=5Dr2lU0loiQ&t=44s
You can learn all about the contractor drama here: https://www.youtube.com/watch?v=GSLRNrHYfI4&t=24s
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Mark Ferguson’s purpose is to help as many people as he can become financially free through real estate.
Mark has been a real estate investor and real estate agent since 2001, after graduating from the University of Colorado. Mark has flipped over 200 houses and routinely flips 15 to 25 houses a year. Mark owns 190,000 square feet of rentals and is the managing broker and owner of Blue Steel Real Estate. Mark has also written 9 books that you can find on Amazon https://amzn.to/2VGI6a9
Mark started InvestFourMore in March of 2013 to discuss his rental property investing techniques. Mark expanded InvestFourMore to talk about his flipping business and real estate agent business. InvestFourMore now has 300,000 views a month and is one of the top real estate blogs.
House Flip Before and After Playlist: https://www.youtube.com/playlist?list=PLoQKPI7WPeHiFSiYYgYuorUP_STuYa0Vw
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