Another day, another house to flip: Lodestone

On Friday, Mr. H and I closed on another foreclosed/HUD home. We paid ~$85k, we expect to spend ~$20k during the 2 months of rehab. A conservative selling price is $140k. Minus closing costs, we anticipate a profit of over $20k.

There’s 1800 square feet of living space (3-2-0), including the converted garage.

Much of the interior flooring has already been removed.

The Master suite is not much to speak of. We’ll do our best to give it a “wow” factor. 

Our agent says, “It has good bones,” which seems to be Realtor-speak for “elbow grease will go a long way to turn this into a profit for you.”

Stay tuned.

About Fran Hart

Disciple of Christ, earning a living as the director of US-based operations for a Taiwanese company, managing an engineering organization while carving out time to write. Wife, Mother, Grandmother.
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