Horrible Fix and Flip Bought Sight Unseen from the Foreclosure Sale

I bought this house from the local public trustee foreclosure sale on 7/5/17. The home was occupied and I just saw the interior for the first time today! I rarely get houses at this sale, but I think it being one day after the 4th of July thinned out the competition. The home is 2 beds, 1 bath, has a 2 car garage and a large lot. The house needs at least $40,000 in work and the ARV will be around $225,000 or more. Make sure to check out my playlist for before and after fix and flips to see videos on almost all of my flips.
This was a super dirty home, one of the worst we have bought and the guy was still living there!
More information on how much money you can make flipping here: investfourmore.com/2014/03/20...
You can find much more information on how to flip houses in my book Fix and Flip Your Way to Financial Freedom. The book goes over all the details on how to find, finance, repair, and sell house flips. It is available as an audiobook, paperback, or eBook on Amazon here: amzn.to/2Bi8v0O
Here is the after video: • Horrible Fix and Flip ...

[@investfourmore]

Here is the house after the remodel: kzbin.info/www/bejne/e2aXZWRuarB9gaM

[@saddambinwahid3411]

Such a gorgeous book - each shed is unique and inspiring, and I love all the tiny details Kotite features to help readers imagine how to create their own She Sheds kzbin.infoUgkxe9yi0sulKgsp0VJJCIrLWWkvVqcU7LFR . The feature on Dinah's Rustic Retreat is like something from a fairy tale. It's really inspiring to see how creative all these ordinary people are in making beautiful and useful spaces on a modest scale.

[@annabodhi38]

Someone was living in there? Omg, can't believe people live like that.

[@mntwins28]

annabodhi38 probably was a squatter

[@mindyhetrick9273]

annabodhi38 i was just thinking same thing

[@investfourmore]

Not a squatter. He owned the house for many years.

[@CitCat528]

annabodhi38 actually when a persons house goes into foreclosure and they know they will lose it, they will end up destroying the house, they pile up trash, make it dirty etc bottom line make it as difficult as possible for the investor and cause him go spend more money on the property to fix and clean... if you’re on thin ice you might as well dance mind set

[@ambientstereorecordings3528]

My brother used to own a moving company, he's been inside of a lot of people's houses an apartments, and this degree of filth and squalor is pretty common. About 20% of people live like this, and they come from all socioeconomic groups. He's even seen very wealthy people living like slobs in million dollar houses.

[@TheKcfan491]

I would have offered $5,500

[@chrisfry436]

WHOA NELLY........as my Mother said allllll our lives, "nothing wrong with being poor, but there is no excuse for being dirty"......this is filth, not a little clutter or didnt clean for a bit. BUT I see what you mean about it being in good shape, if you get past the actual dirt and trash the bones are good!

[@acev3268]

Smart woman there.👍

[@investfourmore]

It was nasty

[@tedcarl5382]

This is clean compared to some I’ve walked! The last turd we bought was way worse, was sub 800 sq/ft & had 7 people living in it. I’ve never come across angrier kids than the ones living with their parents in the place.

[@Ender3D]

It never fails to amaze me that people can live it disgusting messes like that.

[@investfourmore]

Me either

[@cynthiagraham4046]

Ender3D ‘Oh demon alcohol’ and drugs... 🎚🇺🇸🇵🇭💂🏽‍♀️

[@amymenjivar3489]

@@cynthiagraham4046 He left all his hooch on top of the kitchen shelves.

[@freedomchannel3656]

Dang .. its crazy people live like that

[@investfourmore]

yes!

[@LeZemyr]

I caregive for a guy whose basement is like that (he lives in his dad's basement).

[@gasdorficmuncher9943]

rubber gloves only room lol sperm on the walls ?

[@gasdorficmuncher9943]

always check with black light for sperm rooms

[@gasdorficmuncher9943]

safe full of dry wall ..this guy was soo organized ...like a those american pickers tv show episodes

[@haideralazzawi627]

I really how relaxed your tone is when walking through the house

[@investfourmore]

thank you

[@andreycham4797]

Haider Al Azzawi he smells money when he walks through houses like this one

[@woodenfloor3131]

Andrey Cham That's how capitalism works boi

[@Trenttabor]

Not bad. That's the type of property that once you clean out is a lot less overwhelming

[@investfourmore]

For sure!

[@janathomas5759]

The bathroom is off the living room straight across from the front door? LOL

[@irenesykes9295]

Pmsl

[@lifewithsulmy7504]

How is it possible to live like that and not be ashamed!

[@marcuslane3]

Great buy...especially if the market is good..alot of people dont see that but I see $$$$

[@investfourmore]

It was a good one

[@judyberends4586]

I saw the after and it looks amazing .Great job.

[@devinmccauley7783]

Thanks for sharing. Just finished up my first flip in Wilmington DE

[@investfourmore]

nice!

[@traviskrause8509]

Got to be able to spot a diamond in the ruff!!!

[@investfourmore]

That was a good one

[@thesun-N-moon8885]

😂😂😂😂 Even though your comment was comical! I see his diamond in the ruff, ruff!! 😂😂

[@ASIMO-yx7go]

I'm excited to see how you tackle this house , looks like a head ache lol

[@investfourmore]

It should look much different!

[@DanielGonzalez-jz3og]

What a disaster it's amazing that people actually live like this!!!

[@NotShowingOff]

Daniel Gonzalez how do you think ppl lived 50 years ago. In rural America.

[@DanielGonzalez-jz3og]

@@NotShowingOff not in squalor that's for sure..

[@montrealstars60]

I don't get how you actually purchased the house without seeing it beforehand. It could have been worse, but for that money, it should have been better. Can't wait to see the finished product.

[@lewisHelps]

Interesting to see the inside of your fix and flip property. Never know what to expect i made a similar video on my channel of a flip house i have. Great work thanks for sharing.

[@Just.J.00]

Looks like the abandoned houses I've seen. That someone lived like that is really a shocker. I see the potential though.

[@investfourmore]

It turned out very nice. You can check the description for the after video

[@mariagarfias805]

In Alabama you can get a really nice and big house for 130k this would be like a 5k home

[@suzzanimalchannel1030]

I hear ya girl!

[@kathryncorbett1727]

It’s crazy how much you paid for it!

[@investfourmore]

Prices are high here!

[@jonmays7502]

You have to account for land value and potential.

[@joeybeattie9864]

Where I live, a house like that is worth $30-40k. MY house is ~130 grand and its the most expensive on my block!

[@aprilguthrie447]

You buy houses like this all day for 15k here and sell them for 90k easily.

[@mr.clickbait9062]

Shit in bham Alabama u can buy that for like 10k

[@StephenNu9]

You'll need four dumpsters. The breakfast nook is a cosy addition for a family meal.

[@Radnally]

Greeley CO ? Looks nice. Knew a guy that tried flipping in this area back in the 80s and got stuck with a bunch of homes when a recession hit.

[@investfourmore]

You have to be careful when flipping for sure! yes Greeley CO

[@pamelacossey8604]

I think i would have just set a match to it😂 project done!

[@allofcece5868]

I would definitely love to see the finish look

[@josephvelez7680]

Cool how this panned out. No Court fees/Eviction, difficult occupant , no CFK, occupant cleaned the property out, didn't further damage or gut the electrical/plumbing and DROPPED off the keys. Awesome. Not something typical at all. (All thanks to the overbid.) Also, I've seen far worse interior than this as I'm sure you have. Check out the squatter I find on my channel.

[@investfourmore]

Yes, I have seen far worse! He did not exactly clean it out, but he did get most of his stuff out.

[@britth7243]

Hi there loving your videos!! I'm trying to do this myself.. How did you start flipping houses?

[@investfourmore]

My dad helped me get started. In essence, I partnered with him.

[@danielcook4176]

You GOTTA have a drywall safe

[@investfourmore]

best part of the house!

[@brandiwhitlock7603]

😂😂😂

[@Dragonwulfzero]

The value of crushed drywall nowadays has skyrocketed! Even more so than silver,gold,or bitcoin! That's the secret the pros won't tell you............invest in crushed drywall before it's too late! XD

[@EastRiverHomestead]

The amount of roach sh't on the walls justifies a bonfire. God bless you and your Titanium balls.

[@dgexpressllc7450]

I need the Potential Glasses you are viewing this house through.....

[@burquenomadrid]

Yeah I'm not sure why everyone says and surprised of how much you paid for the house. But the fact that it the amount of land and sits on the house the big garage the shed Etc is already there and it seems like you've got a pretty decent deal especially the fact that it's in Colorado. I really look forward to seeing the before and after pictures

[@investfourmore]

Did you see the after video?

[@theflippingfreemans7408]

Great find and great price! Is there any after pics of this house?

[@investfourmore]

Looks like you found it

[@opalassociatesllc1244]

Thanks for the video, can you show us the house when it is done too?

[@investfourmore]

Yes, I have after videos on all of them.

[@lisa.danley3626]

Nice fixing up house

[@americangal9292]

Have you ever gotten a house that was so bad that you were like no way I'm not even dealing with this?

[@investfourmore]

Nope not yet although Nikki has probably thought that!

[@baldemar2102]

Can you make longer videos, a podcast type segment on the business, ups, downs, headache, hard lessons learned. Great channel!

[@investfourmore]

I did a podcast for a while. investfourmore.com/category/podcast/

[@johnlaci4920]

Mark, how do you pick the right construction company to rehab your flips?

[@investfourmore]

kzbin.info/www/bejne/fJyUYmBte51loas

[@pdlc3581]

Wow, some people have no aversion to living in filth.

[@parveens5685]

Needs some refreshing?! 😂 burn it!!!

[@investfourmore]

We did great on that one. Sold for $230k

[@gina4319]

needs the Ferguson touch

[@Jannafayeco]

Sure hope who ever does your clean outs, thought you said you hire it out, is scrapping all of the appliances/metal etc. They could make some decent supplemental income instead of just throwing it all away. Great videos though, to the point and great content!

[@investfourmore]

Thank you!

[@oopalonga]

awesome snag, colorado's market is INSANE. bought my propert foreclosure 63k in 2010. . .shit's worth 270-310 now x D

[@investfourmore]

Thank you, yes, COlorado is crazy!

[@veliagarcia3606]

The house is terrible but you are still happy.... good attitude.

[@derekblades]

yourock, keep posting!!!

[@investfourmore]

Thanks

[@StrawberryJam806]

I can’t believe how nasty that house was when you bought it

[@investfourmore]

It was bad!

[@dugchris2009]

Can't believe people live this way!

[@stevejellison672]

Is there a link for this house showing finished remodel?

[@MrMed-hl2fq]

I bought a few non-performing notes that were bad but dude - this is much worse - good luck

[@investfourmore]

thanks, it worked out.

[@YanksandBritsProductions]

This Brit in Wyoming would Love to work with you on projects and learn from you! Neil.

[@TheBeaver50]

that pricing is crazy lol . that house fixed up would be 75K here where i live .

[@iDR0PFATKiDz]

TheBeaver50 where do you live lol

[@peerlessstrategies]

Whats your estimated time for completion? Are you going to do another video so we can see it all fixed up? I'm curious to see what it sells for! :)

[@investfourmore]

It should be done in the next month. I will have an after video once it is all finished

[@carmendee6481]

Omg I was itching all over just looking at this video.

[@onzowilkerson6617]

14 rehabs at a time , nice !

[@investfourmore]

Onzo Wilkerson Yes, I had 20 going earlier this year

[@melodygoodman6731]

How does anyone live like this?? This is crazy.

[@fernandolanderos4600]

Is there an after video or pictures. Numbers of what was spent and made? Just curious.

[@investfourmore]

yes, check the description

[@Cindy-ng6sx]

Do you show the update of after it’s fixed ? Maybe name the house show before and middle then after

[@investfourmore]

Yes kzbin.info/www/bejne/e2aXZWRuarB9gaM

[@christinablank4797]

I like it I would love to help paint and throw ideas, just wow...

[@investfourmore]

It turned out nice!

[@ajtritto3989]

A house like that in my area would be about 10-30k depending on the land size and if it’s on a lake

[@nordette]

What area are you in?

[@mariaguardiola5378]

Nice house

[@mosthoj9603]

OMG..I can't believe someone would keep their house like dumpster.

[@ajhuser1]

How could anyone have been using that bathroom?...For real?...wow I suppose when you buy to gut it your not worried about the mess...but that is just horrible that people were actually living under those conditions...smh

[@charlibrown2012]

How can people live in filth like that that is so disgusting

[@investfourmore]

agreed

[@resilient4637]

I would have fixed the floor in the second room and built another addition in the back for access to the basement. A lanai glass cover and had a patio area.

[@investfourmore]

I would never get the money back from that though.

[@kittyrichardson68]

I don’t know how you can be a mind reading when this was done almost a year ago. I was just thinking I wonder were this is and about 10 seconds later you told me ( and of course oothers).

[@investfourmore]

Haha

[@dovesdiyconstructionreview1742]

Yep. That price would have been far too high for me for all the clean up work that needed to be done. I bought 2 similar properties. One for $6k which was a beautiful old 1914 large 2 story home. It did have some foundation issues in the back and we are still working on that one as time allows since I dont do this even close to full time due to my away job. Getting to that point though. The other I purchased for $15,500 including another lot. It was a pretty small house but in a good location it had NO foundation under a supporting wall which caused a serious bow in the roof line. I attempted jacking and that failed. After doing some gutting, I saw they added on to an existing bowed structure. Anyway, that one was tore down and is replaced by a nearly completed home. I still have less that $100k in a much larger and new home after all the tear down, etc. It's on over an acre of land in town. It also has a historically protected tree known as the old hanging tree. It is a 68" white oak and it is still alive and well to this day. I call it the table top tree. Every slice out of the truck would make a nice round table top. That's how big it is. I would never think of cutting it down until it was declared dead. Then I would cut it down and try to preserve it some how the best I could in furniture and things. The tree is said to be 375 years old if not older.

[@investfourmore]

Different markets have different prices

[@dovesdiyconstructionreview1742]

Oh yes, no arguments from me on that. Im just saying I wouldnt have done it myself for what you were intending to make on the back end. That 1914 house I mentioned above was similar but it was just an addition portion that was filled 5 feet high and about 50 feet long with trash of all sorts. I hired a local to clean that mess up. Dude, he just jumped up on that pile and went to town. Im like you're crazy my friend. Took him and a few other locals about 4-5 days to get it cleaned out and even went through the process of raking the ground of any loose trash that they felt was tedious to pick up by hand piece by piece. That was WELL worth $1500.

[@MickiClick1]

I would wear a mask and gloves going in that house.

[@susanlewis9351]

I am continually surprised at how peoplelive!

[@luisfigueroa7851]

what does it mean under contract? do you have to pay the full amount of the house at closing before selling to a potential buyer?

[@investfourmore]

It means there is a contract to buy it. investfourmore.com/2016/11/08/what-are-the-basics-of-buying-a-house/

[@inspire734]

It is now almost a year later, I am seeing this for a first time. I got my childhood home in Bismarck Missouri 75 miles south of St. Louis. Has 1,600 people in it almost. It was a tax auction, looks like a cabin, 2 bed, small bath, kitchen and livingroom. Dad built the 2 bed. 1 toilet-sink room from the attic. I paid under $1,500. at a tax auction for it. I have to gut it and rebuild. The yard is nice and being a railroad track behind, there is no houses behind it. Nice quite place. I am building a healing center as well as a home out of it.. Using you tube videos I will be building the place. Have some help and professionals for electric, etc... Looking to get a FHA fixer upper loan probably $50,000. I will be building the cabinets and cupboards all my self. I am enlarging the house some. The second floor will have a study/sewing room, toilet-sink and the other side of the house will be open. I am taking away the bedroom. It will make 14ft ceilings to the kitchen and livingroom that way. Then I am building a 3rd story with 4 bedrooms and a full bathroom. Other than a healing center and house, I am taking in elderly people to help raise some income. I will be doing some videos on the progress soon. My first should be up some time in May. Look after the 15th. My channel is inspire734, "She thought she could, so she did." is the series name.

[@johnleonard6878]

please post video when this flip is done

[@investfourmore]

It is posted

[@streetjets27]

I heard you made 225,000 off the house. How much did you invest to repair it? Looks like a good 20,000-30,000 to me

[@TheSpatulaCity]

4:33 Oooh I hope you put that boxed Sound Blaster 16 PCI card on eBay. It would have definitely been worth something.

[@gonefishing3644]

The only bathroom is entered from the living room? Not from a hallway near the bedrooms? That floorplan should be changed. Nice kitchen layout though.

[@YanksandBritsProductions]

How much did you sell it for??? And would teech the British guy in Wyoming how to buy and flip, I would like to do this in America!

[@investfourmore]

I think it was 224k

[@vandahuman8522]

House is disgusting, cannot believe that a person can live in such filth.

[@Melodyloveshorses1]

It's hard to believe that people live like that. Wow.

[@Melodyloveshorses1]

I was thinking it'll cost around $60K to fix it up....hmmmm

[@erinr1336]

It;s so hard to see past all the filth.

[@Umbator]

How can people live in such filth

[@Swampzoid]

What does this one look like finished ?

[@investfourmore]

swampzoid not done yet

[@wnytrashtrucks]

swampzoid he just finished it is latest video

[@TEMPLARBAGGINS]

link to it is here: kzbin.info/www/bejne/e2aXZWRuarB9gaM

[@flaminglaughter]

IT WOULD HAVE BEEN NICE TO SEE THE BASEMENT!

[@SchindlerJr1]

I lived in a 1965 model mobile home some years ago; and I'm pretty sure it was in better shape than this place...

[@investfourmore]

lol

[@SchindlerJr1]

Anyway; good-luck on this flip. You have alot of work ahead of you...

[@dellymarie8856]

I cant believe people would live like this, this disgusting!!

[@investfourmore]

yup

[@shelbyf6017]

I honestly don’t know how people can live in that

[@bestpetvideostv]

How did you get the money to start off?

[@investfourmore]

patterned with my dad

[@joey1717]

the guy living there was definitely a hoarder

[@keishav6630]

Pretty sure he was a drunk

[@jaytee2642]

Ok, my first mistake was deciding to watch this while I ate. 🤢

[@jaytee2642]

Thank you for not opening the fridge! I hope you hauled it away without opening it. Good lord, what a pigsty. I'm the first to admit that I'm not the greatest housekeeper, but I'm a damned neat freak compared to whoever lived there. 😳

[@tonyjablonski]

What type of teams do you have in place to do the clean up work? I can't imagine you yourself go through that pig sty. However, maybe you do to save money and make a profit. Just curious.

[@investfourmore]

I have a lot of people who can do it

[@911SuzieQ]

That price seems steep for that property ? How much did you sell for eventually?

[@investfourmore]

225k

[@utseay]

I've bought used underwear from Mexico in better condition than that house. Wow. Can't wait to see the flip.

[@clarence3138]

utseay why are you buying used underwear?

[@utseay]

@@clarence3138 It was a fix and flip.

[@cupstudios3788]

Stealing that 😭

[@rebacrow5604]

I really like you in a Christian way. I think u are a very honest person I wish u the best

[@adambuysyuckyhouses]

Whats wrong with t lock roofing

[@emilygriffindor93]

Can believe someone was living in that house! No cleanliness what so ever!!

[@investfourmore]

Nope

[@beekind6267]

Who lives like that? Holy cow!!

[@vevedehavilland4743]

It looks better than my house

[@mightsnow3654]

How do you find out about these sells?

[@investfourmore]

investfourmore.com/2017/10/12/podcast-122-getting-great-deals-investment-properties/

[@rebacrow5604]

Gollylee, how do people live like that. It’s so sad. I’m sure the person must not have thought a lot of himself

[@aishahussein4415]

Who lived there? That Toilet is DISGUSTING!!!

[@henrobrice]

Sasquatch

[@jimmyjohn8008]

Wait the county didn't collect the difference for the forcloser over bid and owner collects it... wow

[@investfourmore]

Yes, that is the owner's money since all the liens were paid off.

[@randomqueenZ00]

Wow... that someone who lived there, literally lived like that. Those are damages and garbages that wasnt done over night rather over a decade. Ewwww....

[@investfourmore]

Yup