I try to avoid buying 1 bedroom houses but on occasion, I will purchase them. Just about the only time, I will buy a 1 bedroom is if I can add a second bedroom somewhere in the home. There is a huge price difference between one bedroom and two bedrooms.
This home was bought from the MLS and was listed for $125,000 before they had a big price change to $100,000. When that happened I jumped on it and got it under contract with a 2-week close.
The house is also on a somewhat busy street, but nothing too crazy. The house should be worth about $190,00 to $200,000 once it is fixed up and I think we can repair it for around $30,000. We will also have about $20,000 in other costs like financing, carrying, and selling.
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Mark has been a real estate investor and real estate agent since 2001, after graduating from the University of Colorado. Mark has flipped close to 200 houses and routinely flips 15 to 25 houses a year. Mark owns 170,000 square feet of rentals and is the managing broker and owner of Blue Steel Real Estate. Mark has also written 9 books that you can find on Amazon https://amzn.to/2VGI6a9
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