Ellendale House Flip Project

I haven’t done too many deal updates here recently, and I can tell you that it’s not because we have no projects to work on… actually it’s just the opposite. Hampden Homebuyers has been on a bit of a tear since the new year buying and selling quite a few properties.

Over one three week period in February I think we put like 10-12 houses under contract to purchase. Couple that with the best Real Estate Investor Coaching that we are doing and it has been a busy time.

One project we are working on getting rehabbed is our Ellendale house. This is a really nice brick ranch with a hip roof. It is almost 1,700 square feet but only two bedrooms. Yes, it has a lot of wasted space.

Well we are going to change all that around. This is a full gut project. We are changing the floorplan quite a bit and adding two new bedrooms. When we’re done we’ll have a 4 bedroom 2 full bath home with a little under 2,000 square feet plus a fully finished basement.

Our demo guys beat me to the house and had it ripped apart before I could get some real before pictures, but these are close enough:

Ellendale House Flip

Kitchen - Gutted

Living Room

Dining Area

Awkward Den with Fireplace

Master Bedroom

Full Bath

Finished Basement

 

Now here is a little video we put together with some of the progress and an overview of our rehab plans:

 

So what do you think? Looks like a fun little project doesn’t it….

 

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Comments

  1. Very nice blog and it seems that you really know what you are doing with the flips and how to squeeze the profit out of them even when the margins are tight. Good job!

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