Happy 4th! Here’s a construction update for our big rehab, the Target House. It rained all week from Hurricane Alex so we got skunked out on the exterior prep for paint but at least I saw some progress with the interior trim-out that’s now complete. I used a cool new 5 panel style door from Masonite called “Riverside” and a complete custom MDF trim out. Walk through the project with me below and see how our progress is coming along. There’s a house for sale on our street that just went under contract, cant wait to see the sales price as that will be the nearest comp. It’s listed for $300k but its hardly updated at all. With this in mind, I think our list price will be close to $399k for this project when its completed later this summer. In other news, our House Flipping Blog got chosen this week for “Top 20 Real Estate Investing Blogs”over at Biggerpockets.com. Thanks to Joshua Dorkin for the recognition! PS, keep the comments/questions coming as well! Thanks for following along with me on our 1923 Arts and Crafts Bungalow renovation.
Awesome. Is this in the same neighborhood as the previous houses or a different one?
Also, do you have your eye on your next project house yet?
Finally, my only comment on the video would be that it would be great to quickly pan the whole of a room when you enter it, just to give an idea of the whole room, not just the bit you’re focused on.
Actually it’s a different neighborhood but very close. This whole subdivision is only comprised of 3 streets which is way smaller than even the “good side” of Mahncke Park. There have been some home sales higher than MP but theres way less transactions for comps. We are always looking at property, there’s not a day that I miss MLS activity but I’m very picky on what house we do this to. Great tip for the video angles, sometimes I think everyone already knows the house like I do.
Happy 4th, Tom, and thanks for letting your readers know about the Top 20 Blogs list. You definitely deserve to be on it!
Best, Josh
Well done Tom. Your blog is certainly on my read list. I always look forward to your progress reports.
Jason