Monday, August 6, 2007

New Flip Finished!


Sweet! We're finally finished with the American Fork Flip (except for some finishing touches) and I just listed it today so we'll see how it goes. It stared out looking pretty ghetto, but after a lot of work and kicking the painter's butt a few times it's looking like something I'd move into. What am I talking about, I'd move into anything called a house!

Anyways like all the other houses we've done we always want to move into it when we're done, but gotta build up the cash first, one of these days! Sorry I don't have any before pictures, but here are the after ones.

Here's the cute little porch where the cute little mexicans can sit and drink their Tecate con Limon.
Elegant baby.
Here's half of the kitchen cabinets, the rest are on the other wall. The tile is all laid "on point" or on the "diagonal". It's a pain in the butt when you get to where it meets the walls because there's twice as many cuts and they're all triangles (add's another 10% to the square footage of tile you need to buy), but it sure looks cool when it's done!

I'll post some before pictures real soon for the house we just closed on today (also in AF). It's a lot smaller but we'll probably make the same amount or more than on this one because we're getting it for such a good deal. You definately make the money when you buy it not when you sell it.

I crack up watching these people on "Flip This House" because half of them have no clue what they're doing. How they can justify spending 800 grand to make 50 blows my mind! I also crack up how they always say they're making X amount in profit when in actuality they forget the 7-8% in real estate fees that come right off the top and another 35-40% in short term capital gains tax that goes to you silent 50/50 partner Uncle Sam; in other words they really make only half of whatever they say the real profit is.

27 comments:

Mandy said...

the house lloks so good. i would totally move in!! i love it. great job you guys

Becky said...

Eric!!! Hey it's Becky (Adams). The house looks a-mazing! I love it. You and your wife are so cute!

Eliza said...

Wow!!! I'm gonna have to go drive by it again. If you guys are there maybe I can get the tour. (I act like you guys just hang out there all day or something). Again...amazing the transformation and I only saw the outside.

Sarah said...

I am seriously impressed. I love it!

Alli Fantastico said...

I want it. Can we move up there and buy it? ...seriously.

Brock & Veronica Nelson said...

That looks great! So proud of you guys. That is such hard work. Remember before pictures for the next one.

P.S. I make the headings in "paint"
I go on a scrapbook website and save the pictures of paper I like then get all creative in the paint workshop. It took me a while to get it all figured out. If you have questions give me a call or just tell me what you want and I'll make it for you.

Lyd said...

Once again you guys, it looks awesome!! And Alli, you should get it! :)

-KJ said...

OMG, WTF! I LOVE IT, and I have been there before! It looks fabo in pictures! I love it with the porch finished and the hanging flower pots! Totally awesome. It will sell in a heartbeat! I can't wait to see the next project! After all that hard work, will you have enough in you to help us move? ;) ;)!!!

Alli Fantastico said...

ok, so how much?

Little E said...

For you almost free... $249k

Alli Fantastico said...

How many bedrooms?

Eliza said...

eric???? is that you?

Alli Fantastico said...

he's a lurker, me thinks!

-KJ said...

Eeh?

Alli Fantastico said...

lurk (lûrk) pronunciation
intr.v., lurked, lurk·ing, lurks.

1. To lie in wait, as in ambush.
2. To move furtively; sneak.
3. To exist unobserved or unsuspected: danger lurking around every bend.
4. To read but not contribute to the discussion in a newsgroup, chatroom, or other online forum.

-KJ said...

Ahhh. I'll just be over here...watching.

Alli Fantastico said...

ha!

Little E said...

Out from the shadows I creap like a person sneaking out from a dark place to continue the longest lasting shortest conversation ever.

It's got 4 bedrooms alifantastico, a master suite, jetted tub, sun room for whatever sun rooms are for, and your own personal vegatable garden! Soooo cuuuute.

Little E said...

P.S. Did you guys hear I'm writing a book? Yep, after I heard JK Rowling made over a billion writing a little kid on make believe adventures I thought, "That'd be pretty easy." Plus when they ask me for the movie rights I'll say "yep" if they let me be in it and also Denzel Washington.
Cooo!
Almost done with chapter 1.
Basically it's like Harry Potter but with more stuff from real life in our day and the main character loves to go to 7-11 which will no doubt be the scene of some close calls between the good guys and the bad guys.
Cooo!
I'll have to post the first chapter so you guys can give me some constructive, constructive, constructive critisism. Well... I'll have to think about that one. Billions I tell you, billions! Ooh ah ah ah ah!

Lyd said...

Alli will just make it that much better, seeing as she is a genius!

ashleyO said...

i love love love it. Liza and I drove by yesterday on our way back from Chadders. so goooood.

Lyd said...

Was that meant to be said like Teen Girl Squad?

ashleyO said...

it could be lyd! but only liza knows that it sounds like Dave McMullin at our Christmas Around the World show last December. Sooooo good. (that's how i should have typed it the first time...)

Alli Fantastico said...

she gone! (TGS episode 13)

Oh and E, are you really?!? That's sweet! You boys and your creative entrepreneureal ways.

Eliza said...

can I be i the story? I want to work the sev.

Eliza said...

just don't ask me to be the editor...I no how to spell very goot.

Alli Fantastico said...

I'll take care of that part. I spele sow goode!