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I flip a lot of houses and it almost always takes me longer than I think it will to get them repaired. You can see all my house flip projects here: https://investfourmore.com/flips. We have sold 19 so far this year and have 16 more in inventory.
This is a house that we are almost done with. I bought it about three months ago for 8,000. it needed about ,000 in work and we are going to list it for around 5,000. The house needed quite a bit of work including:
It does not take our contractor an incredible amount of time to finish a project, but he is not the only one working. It takes a lot of time to get all the little things done. On this house, we had granite installed in the kitchen. We have to wait for the cabinets to be set before the granite can be templated, and then we have to wait for the install. After the granite is in we have to wait for the plumber to come back and install the kitchen faucet and lines.
We have to come black to blue tape all the places that the paint needs touched up on.
We have to wait for the hardwood guys to refinish the floors and very little work can be done while that happens.
We have to wait for the carpet guys to install.
We have to wait for the electrician and heating guys.
One of the cabinet drawers was broken so we have to wait for a replacement.
We needed custom heating vents for this house we have to wait on.
The list goes on and on. If you get everything scheduled well great, but one delay can throw all of that schedule off. Our plumber needs notice, he can’t come with one’s days notice. A lot of this can be done simultaneously, but it all still takes time.
If you are rehabbing houses be prepared!
You can see the before video on this house here: https://www.youtube.com/watch?v=KzcVsyHYvsw
Video Rating: / 5