So, a week after we close on selling our first flip, we jump back into the flipping game in a major way by buying two, yes two, new houses. This is the story of one, which we call Betty because that was the name of the previous owner. Betty is a tiny shoe box house in Wheeling, a northern suburb of Chicago. We bought it for a STEAL at $90K. This is 100% due to John's negotiating skills. He's a wizard when it comes to deal making. Here are the quick specs of the house we bought: 864 square feet 2 bedroom 1 bath No basement Den area (to be converted into a 3rd bedroom) 2 car detached garage Take a look at a few "before" photos below: One big project we knew we were getting into with this house was that the main water line into the house had to be moved. Apparently it was coming in from a street on the other side of an empty lot to the rear of the property. The village stipulated that whoever buys the house would have to have it moved. So, as soon as we closed, we got to work on hiring the plumber to ...
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