[quote=davelj]Looks like they added a crapload of value to me. Doesn’t even look like the same house. My question is how much they made on the flip given the costs of renovation and commissions on sale… they only had $140K to work with and that renovation looks pretty involved. But I’m not good at eyeballing the cost of major renovations like this one.[/quote]
davelj, looks like we’re in (simultaneous) agreement on this one . . . lol.
I WAS good at “eyeballing” the cost of major renovations at one time but the stakes are higher now. For example, buyers today “expect” double-paned vinyl windows, granite, a convection oven and flooring throughout (instead of carpeting, which is generally easier and cheaper to install).
I’m uncertain that these flippers made a “lot of $$” unless they are licensed contractors who got the mat’ls at VERY deep discounts. They obviously had a VERY motivated, efficient and competent crew, which they obviously paid.
