A House being Flipped

A house is being flipped just two doors down from Lizzie’s. A young couple had lived in the place with one young son. One day we noticed a truck that was unloading a bunch of the furnishings. Quick as that, they moved to the other side of town. The guys who are flipping the house have been working on the place for the better part of three weeks, and on the weekends for extended periods of time, that usually start early in the morning and end late at night.

Last night Lizzie and her friend were talking to them and they said it would be done being remodeled by next Tuesday.  I guess they added a bit of time on. I had talked to one of the guys last week and he was saying they were hoping to get it done by this coming weekend.  What’s a couple of extra days.  Just a couple of thousand dollars(hopefully not more).

Well we will be watching and antipating the outcome of this flip. We are hoping they make a bundle, because that will help us out when we eventually decide to sell Lizzies place.

Want to Flip This Diamond in the Rough

Lizzie and I were out checking houses with her parents today. We saw two houses, the second of which was the better of the two, with a huge yard, a fully landscaped swimming pool, and a finished a basement. However, the first one was really the diamond in the rough that really interested Lizzie and I both.

The diamond in the rough is seen to the left. It is a 5 bedroom ranch, with an in ground pool, sunroom, and two and a half baths all on 1.71 acres of land. The landscaping of the diamond has been badly neglected. In front of the house is what is left of an island that looks like it might have been really nice. Over grown, and badly pruined, the island needs to be redone entirely. The other landscaping of the house is in similar condition. Around the island there was once a turnaround, but is now well over grown with grass. In addition to the lack of landscape maintenance, their is a lot of trash around the outside that should also be picked up.

The inside has a groovy lay out, but is really in need of some paint. The bright colors of bedrooms served make them seem very small. The hardwood laminate flooring of the dining room and kitchen should also be replaced. Off of the dining room is a sunroom that is currently serving as an office. The downstairs has two nice sized bedrooms, a half bath, and a bar. There is also access to the pool via a sliding glass door that leads to a nice paver patio from the basement.

They are asking 299,900 for this little gem. I would think about offering 250,000 because it is in need of so much work, and similar houses in the area are going for well over 300,000. Not nearly as bad as the house I wrote about in one of my last Flipping houses posts, but still it is in need of some TLC, in order to  make this house a real treasure.