In this video, I am showing you what a fixer upper house looks like after we have completed the repairs for the fix and flip and are getting ready to list it on the MLS.
If you want to learn how to make money by real estate investing then fixing and flipping and listing the house for sale is one way to make a very nice profit. If you scroll back around 9 videos on my YouTube Channel, you will see the video of this same house after I purchased it. The name of that video is “Buying Houses From Motivated Sellers” and you can watch it here: https://youtu.be/fSYK1sB43jI
This house was purchased directly from a motivated seller off off a postcard campaign that was mailed to a motivated seller list (inherited list). I purchase this house for $95,000, and I spent $25,000 repairing the house to make it ready to list on the MLS. I was the listing agent. I made a very nice spread of a little over $80,000 on this house! The materials that I used are the standard materials that I get from Home Depot. I am using basic 89 cents per square foot laminate flooring for most of the house, and 69 cents per square foot tile for the kitchens and bathrooms.
This is the standard look (what I call the “brown” look) on many of my fix and flips. I always install brown granite counter tops, the same back splash, and Stainless Steel Appliances. The paint color is neutral inside and out. I like to use color themes that I see home builders using since we know they have spent a lot of money researching colors. I encourage you to go look at some open houses of new homes being sold by home builders to get some good ideas. Brown is a warm color. It sells quicker in my experience.
Remember the two most important points for fixing and flipping houses are:
1. Don’t skimp. Make it really nice so that first time home buyer loves the house.
2. Don’t overprice. Price the house at the right price where it will appraise and sell quickly.
You can download the materials list for free that I used on this house at: https://www.lexlevinrad.com/materials-that-we-use-for-fixing-and-flipping-houses/
