New House Flip Bought From HUBZU Auction Bought 7/1/2019

This is the 13th house flip I have bought this year. I bought it from HUBZU where I used to buy a lot of houses! However, there are simply not very many foreclosures here and HUBZU has very few houses for sale in our area.

I technically have not bought it but closing is supposed to be today. We are waiting on HUBZU to get us docs to sign and I show the importance of doing a walkthrough before closing on properties. We will be buying this one for $160k, spend $30k or $35k on repairs, spend another $20k to $25k on selling costs, carrying costs, and financing costs, and it should be worth $270k to $280k.

The house will need paint flooring, baths, lights, doors, and some exterior work. The kitchen is actually fine, except the counters! The basement was flooded at one point but I do not think we will be finishing it again. It is not worth it.

I would love for the shop to be on the property but it is not! We may try to buy it from the neighbor though if we can find him.

You can see more of my flip videos on the house flipping playlist:https://www.youtube.com/playlist?list=PLoQKPI7WPeHhEARu3mXCbVF2cZNHhw_F3