Another Flip House Almost Ready to Sell

Discussion in 'The Club House' started by mrm14, Oct 10, 2013.

  1. mrm14

    mrm14 Active Member

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    Been working on this house for a few months and she is almost ready to go.

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    Flat work around pool has to be done, some interior finish, clean up, and staging.

    This is the first and last one I will do that has a pool as pools are not cheap to make right. However, I'll have to say this pool is off the hook nice, actually quite an over improvement for this neighborhood even though this neighborhood is nice.
     
    Last edited: Oct 10, 2013
  2. DFlynt

    DFlynt New Member

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    Very nice! If it wasn't in California...:)
     

  3. mrm14

    mrm14 Active Member

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    Not really bad here if your into buying, fixing and selling houses. Sacramento and the immediate surrounding areas are probably the hottest housing growth areas in the state and the demand in this area, the last couple of years, has been much greater than the supply. Flipping houses has net me just a tad under 28% return for total money invested this year so far. If I can get this one I just bought done and sold before the end of the year my net return for the year could be as high as 38%.

    Municipal bonds were getting me about 8% fairly constantly but got to risky for me to stay in. Conservative Plus stock portfolio doesn't cast off even 5% net return, and banks are paying only .02% to .07% net return for the $$$ I have in savings or money markets. This house thing has worked well for me this year and I don't see where I can get a better net return for the investment. Probably going to start building new upscale (+$250.00 per sq. ft.) spec homes in the lower Sierras next year as the major builders have ramped up for building new tracts in early 2014 here. I think the entry level flip houses ($350,000.00 and less) are going to go away.
     
    Last edited: Oct 10, 2013