This is a house flip I bought from the MLS right during the middle of the coronavirus shutdowns. I did not see the house before making an offer on it and getting that offer accepted, but I was able to view an inspection report.
This house was listed for $230,000 and we ended up buying it for $215,000. I also made a commission on it since I am a real estate broker as well. The house was in rough shape and it needed a lot of updates!
It needed a new roof, electrical work, a heating system, a new kitchen, bath, paint, flooring, and more! We spent about $50,000 on the work and have another $30,000 in other costs and we ended up listing it for $349,900.
This house is in Mead Colorado, which has very few houses for sale and the next cheapest house is $379,000!
You can see the before video on this one here: https://www.youtube.com/watch?v=ivEC5zS0ULQ
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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 close to 200 houses and routinely flips 15 to 25 houses a year. Mark owns 170,000 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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