As he handed the keys to a young couple, Leo realized the story wasn't just about the money. He had taken something broken and made it a home again. He climbed back into his truck, eyes already scanning the next block for a sagging porch or a "For Sale by Owner" sign.
The purchase was the result of weeks of "driving for dollars," scouting neighborhoods for neglected properties whose owners might be motivated to sell. Following the —paying no more than 70% of the estimated after-repair value minus repair costs—Leo managed to secure the house at a steep discount. It wasn't pretty; the neighbors called it the "eyesore of Elm Street," but Leo saw a blueprint for a fresh start. Phase 2: The Fix buy fix and sell houses
like a modern kitchen and neutral paint transformed the "YUCK to YEP!". Phase 3: The Sell As he handed the keys to a young
Other posts. ... Got a kick out of watching an old "Flip This House" with Than & Co. - the Woolsey St. house. From YUCK to YEP! .. Facebook·CT Off Market Real Estate Deals and Funding What is the 70% rule in house flipping? - Rocket Mortgage The purchase was the result of weeks of
The "fix" was where the reality of labor hit. What TV shows condensed into a 20-minute montage took Leo four months of grueling sweat. He learned that: