Flipping House Series: The Dirt House Part 1

April 14, 2014 Comments Off

The “Dirt” House

Every once in a while our team finds a home that will need a little extra work. Sometimes these extra work flips can turn out being big on their return. Our next home in our Flipping House Series did just that. This house was nick named The Dirt House because the flooring was gone and essentially we were left with “dirt floors” and also the front and back yard did not have any grass….just dirt. Let’s take a first look at the repairs needed on this investment property.

The Dirt House was purchased for $45,000 and is one of our smaller and lower price point flips. As mentioned before, the floors were in quite the disarray and after our initial walk through, we noted on our Property Repair Estimate Sheet that we would need subfloors in at least the kitchen and bath.

Another huge issue was the back yard. It didn’t have any grass, just dirt and it had not been maintained at all. The front lawn would need soding as well as some nice landscaping. Here’s a full list of

repairs needed in The Dirt House.

Repairs

Kitchen – Subfloor, Flooring, Walls, Windows, Cabinets, Counters, Appliances

Bath – Subfloor, Flooring, Tub, Tile Surround, Vanity, Toilet, etc

Back yard sod and front yard Landscaping

General – Paint, Carpet (BRS), Hardwood (LR), Windows, Doors, Deck, Siding Repair, Lighting, Plumbing (all), Electric (most), HVAC (ductwork), Floor Joist repair.

Please check back in a few weeks to see how The Dirt House turns out. It is amazing what a new kitchen and some sod can do for a flip and for your return!

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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.