Bootcamp and New REO Deal

We just spent the last 5 days at a Raising Private Money bootcamp in Denver and we had a great time. The event was put on by my friends at Fortune Builders. We learned alot of info, met some great people and made quite a few new business contacts.

Now it’s back to work……

We closed on our first ever REO/MLS purchase last week. Working with the bank and closing the deal went very smooth. This property does need work, we are going to be installing new siding, new windows, adding a new kitchen and redoing both bathrooms. The major problem with this property is the way the second floor bathroom is layed out. They built the tub into the sloping roof line of the house, so if you are over 5 foot 6 there isn’t enough head room to take a shower. To fix this we are going to be gutting the bathroom and rearranging the layout to make it more functional.

Here are some pictures of the house;

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Front View

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Rear View

 

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Kitchen

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Kitchen

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First Floor Bath

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Living Room

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Living Room 2

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Dining Room

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Second Floor Bathroom

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Second Floor Tub built into Roof Line

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Bedroom 1

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Bedroom 2

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Bedroom 3

 This house has 4 Bedrooms 2 Full Baths and 1,500 square feet.  It has a really nice floor plan and is gonna look great once we’re done with the renovation.

 

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4 Responses

  1. Looks like you’ve got your work cut out for you! Looking forward to seeing where you take it, and hope you make a killing on it!

    Always cracks me up when I run across a functionally obsolete bath or kitchen. I just don’t get it. Midget shower…the bedroom you have to walk through the kitchen to get to…weird.

    …jp

    • Hi JP,

      Thanks for stopping by!

      This house shouldn’t be that bad. Aside from reworking the second floor bathroom it will be a pretty easy job.

  2. Hey Matt,

    I’m coming out of lurkdom. I’ve been following your blog for months after reading from you on FH forums and just wanted to say that you and your team do phenomenal work and its great to watch your progress and success! Thanks for continuing to share!

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