House Flip During the Repairs After Frozen Pipes Bought 6/15/2018
3,203 views · Published 5 October 2018 · 10:47 · Indexed 10 November 2026
Channel: InvestFourMore Real Estate · 2018 · Education
You can see information on how much money you can make flipping houses here: https://investfourmore.com/2014/03/20/much-money-can-make-fix-flipping-homes/ I bought this house for $212,000 from a direct marketing campaign in June. The house had flooded due to a frozen pipe and destroyed much of the drywall. We have our hourly employee working on this one as well as many subs. We had the electrician in, the plumber in, the HVAC guy in, and the roof was done. We found out why the pipes froze as part of the upstairs had no heat! They were just counting on the heat rises theory to heat everything. We also reworked the bathroom so that the sink is not in the bedroom. It will be a 4 bed, 3 bath home with an acre of land and many outbuildings. I think we will spend at least $50,000 on the rehab and it should be worth in the $350,000 range once it is finished. Here is the before video: https://www.youtube.com/watch?v=CURM4tdn5tY
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