House Flip Story: Mary Ave – Update 1

There’s something about Mary…Avenue. We’ve been working on this monstrosity for about two weeks. Once complete, this will be my second greatest “real estate” accomplishment -- that is because I’m about to get started on what will be my greatest. Stand by for that update.

Anyway, we picked up El-Crappo from a bank, of course. The original buyer flaked (he did not close) after he bid $10,000 over asking price. What an ass-hat! I wound up getting the house for $7,000.00 UNDER asking price. Hey, Ass-Hat -- I win. You lose. Game over!

Oh, did I mention the 15″ of water in the basement we found 1 day before settlement? Another great day!

Set up as multi-unit with a horrible layout, we will transform Mary from a 3/1 to a 4/2 with a killer modern, opulent and exquisite layout. Wait until you see the master-suite. It’s a room that just keeps giving. Long and short….my wife is pissed that I keep making houses nicer than the one we live in.

Check the video of all the before shots. Update 2 is already in the can, and will be coming soon.

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  • "my wife is pissed that I keep making houses nicer than the one we live in"

    LOL!!!

    I would have taken the house until I saw the toilet!! I would have asked for another $7k discount because of that!

    Can you give a brief synopsis of the area where this house is at and what the comps. are? I just want to get an idea of your area and market conditions so I can better understand what you are trying to do.
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