Flipping House Series: The Mold House Part 2

January 20, 2014 Comments Off

After the auction of The Mold House we thought back and could have swore we heard the auctioneer say “Going once, twice, SOLD…mold included.” As you may remember why we aptly named this house we are of course dealing with the mold. Let’s check in to see how The Mold House is coming along.

This house could have also been named “The sump pump house” as well since the sump pump was turned off. It was not running because power was turned off by the bank. As mentioned before this can be common and is something investors should definitely be aware of with foreclosures. We are repairing the sump pump and removing the water.

Other repairs

Remove drywall and flooring in basement and re-drywall
Sand and refinish hardwood floors
New windows
Reglaze bathtub
New bath vanity and fixtures

We are also painting and adding new carpet

New kitchen countertops and appliances are on their way too.

Be sure to check back in a few weeks to see how The Mold House turns out.

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Erik Hitzelberger has been Real Estate Investor since 2007. While learning the ropes in the market down-cycle, he now teaches others how to use his systems and leverage other people’s expertise to achieve their own goals.

Erik Hitzelberger – who has written 194 posts on Part Time REI.