This was my first official flip house with Sean Smith. It was owned by HUD and the price was originally $62,500 however because of little to no interest HUD reduced the price several times and believe it or not, it sat on the market for over 440 days! When it was finally reduced to $43,750 we offered $27,250, which HUD accepted. In addition to repainting the whole house we added new tile flooring to the kitchen and bathroom, refinished the wood floors, added sheetrock inside the garage walls, and decided to add a new driveway which ended up costing us an additional $3,500. The home had 2 bedrooms, 1 bathroom, a single car garage and was about 1,250 square feet sitting on a large 11,000 square foot corner lot.
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Purchased on 11/2006
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Purchase Price $28,250
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Repairs $12,000
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Sold Price $77,000
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Sold on 7/2007
