Getting Out of the House Flipping Business

Investing in real estate, doing “fix and flips” like you may see on TV, can be a daunting task. Finding a viable property at the right price, getting the necessary funds to renovate it, doing the actual renovations, dealing with problems and surprises along the way, all add up to a difficult undertaking. The TV shows make it look glamorous, easy and extremely profitable.

Unfortunately, for novice, and even experienced real estate investors, turning a lump of coal into a diamond takes hard work, know-how, lots of money, persistence and a little bit of luck all thrown in.

If you have tried to buy and flip and house, but have gotten stuck in the process, either due to lack of funds or not enough knowledge or time or anything else, you are not alone! We see it all the time, and we help investors and flippers to get out of difficult situations. This video shows one of those properties. The investors ran into problems. We helped get them out of it.

Contact us if you need a way out of a flip “gone bad.” We can make you a fast, no-obligation cash offer and close very quickly so you can get out from under the strain of a project that is taking over your life and causing stress.

Renovating a Rat Infested House in Atlanta  - Part 1

Video Transcript

Brent Bagley:

Hey, guys, this is Brent.

Greg Kurzner:

And this is Greg

Brent:

And we were with Resideum. This is our latest deal, 1532 Avon Avenue that we just closed on yesterday.

Greg:

All right. This house was owned by an investor who got in financial trouble and had to let this thing go. So we were able to kind of come in, take it from them. And we’re going to go in and finish it. We’re going to make it beautiful.

If you have a house that needs work, that you’re in the process of doing renovations and maybe the money’s run out or the motivation has run out, give us a call. Resideum will come in. We’ll make you an all cash offer. Take the house off your hands and we’ll help you get out of it. We’ll turn it into something beautiful. Come on in. Let’s take a look.

All right. When we got this, it looks like this. This is one we closed on yesterday.

As you can see, there’s a whole lot of stuff in here. When it’s finished, it’s going to be fantastic. Why don’t you tell us Brent what we’re going to do in here?

Brent:

So this room right here will be the kitchen and the living room. We’re going to open it up. We’re taking this beam out right here. So that’s not going to be there. And the kitchen’s over here to the left and Greg will walk you through the rest of the house.

Greg:

So we have two bedrooms here and a bathroom. We will spare you the dead rats in the tub. And this is the addition to the house. This is originally where the house finished. And so it’s bumped out all the way through here for a big master suite. So picture this. You’ve got the master suite along the back of the home. What we’re going to have in here are his and hers closets and then a big master bath area with double vanities, big shower and the water closet.

So stay tuned. And hopefully in the next couple of episodes, you’re going to see this thing transformed from sticks to a finished product. It’s Greg from Resideum and…

Brent:

This is Brent over here.

Greg:

And we will see you later.

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