209 Gifford St, SOLD … House Flip Recap

We officially sold our rehab at 209 Gifford St on Friday. It turned out to be a very good deal for us.

We purchased this house right off the MLS. I used to be of the school of thought that there are no deals on the MLS… that if the house was a good deal the agent would buy it themselves, or they have pocket buyers that they send their good deals to. But that’s just not the case.

This property hit the market and we had our offer in within a day. There were multiple offers on the house and it went to highest and best. I think we were the second highest offer, but we were cash, the other higher offer was financed. If you remember what this house looked like you’ll know there was no bank that would touch this property. So we ended up not being the highest… but we were the best!!!!

This was a major rehab that consisted of gutting the whole interior, ripping off the second floor and rebuilding it with a full dormer.

Once the rehab was complete we sold the property to one of our own buyers, for full price, which saved us over $9,000 on commissions.

Below is the final video we did at the end of construction. You can see our before pictures HERE and our before video HERE.

Well, the house sure did come out gorgeous.

 

Comments

  1. Matt,

    Great job! I’m just a little upset that you didn’t include the beat up ole reclining chair in the finished project. 🙂

    Very informative blog…gonna scope it out some more. I see yo had a multi-family rehab. That’s where I’m heading now.

    Carey

    • Hi Carey,

      Thanks for stopping by.

      That old recliner is a thing of beauty! Unfortuneately it found its way into the dumpster during our cleanout. Too bad, it would have made a nice staging piece… lol

  2. Thanks for the update on this one. I just love the “before” picture with the roof missing. Nice transformation….

  3. Yet another job well done Matt!

  4. WOW looks like you’ve done a great job! I love the blog. I look forward to seeing your next project. Are you finding more profits in homes that need more work or less work?

    • Hi Jason

      Our best deals are usually the houses that need the most work, because we can buy them real cheap and do a complete rehab…. however we’ve had a few “cosmetic” jobs that have been quite profitable as well.

  5. Another A+ Job! 🙂

Speak Your Mind

*