Flipping homes can be a great investment opportunity if done correctly. Fortunately, I grew up learning the tricks and trades of flipping homes on a farm in Western Kansas. Tools depreciate over time but solid/sturdy tools are great investments. The best advise I can give someone just getting started is to buy good tools.
Pictured below is a house that I bought a few months ago for $65,000. This home had great bones to build on. A beautiful front porch, 3 bedrooms, 2 baths- it was surprising no one snagged this home before me!
The house from the outside. Look at the beautiful front porch and fan. This area is perfect for a beautiful Kansas City day.
On the inside, you walk into this fantastic brick wall- something that isn’t seen in today’s homes.
Opposite the brick wall is a seating area. This home was originally built with multiple tiny/choppy rooms, the seating area being one of them. We removed all of the walls on the bottom floor to allow for the open concept.
Also, take note of the fantastic windows and hardwood flooring. When buying a flip house, it’s important to look for features like hardwood floors and windows that can be expensive if installed new. Luckily, this home has large windows and hardwood floors that only needed to be refinished.
Thankfully, only some of the hardwood flooring needed to be replaced. After the new wood was placed, we sanded it down and used tung oil stain in order to make it blend in with the older wood. After tung oil is exposed to air it hardens and the results are a deep wet look. I also used tung oil on the hardwood floors in the Juniper House on Bargain Mansions (pictured below).
All three bedrooms in the upstairs were all around the same square footage with sizable closet space. Win win!
With only one bathroom upstairs, I knew I had to enlarge it and turn it into a beautiful suite that all 3 bedrooms could use.
This house came together in about 4 months so this goes to show that if done in proper way, a small investment can turn into a big return. All it takes is desire, elbow grease, and not to fear the mistakes that we all inevitably make when first learning the processes.
I hope this helps someone get started on their own. Not every home has to be a “Bargain Mansion”.