Oh, and with all this “added value” (Hey, look folks, here’s a house that has both a kitchen and a bathroom!) they now claim they got not one, but two full-price offers for the new and improved asking price of $349,000. So now the new and improved asking price is: $349,000. How the heck does this become “added value”? HUH? They had to gut the kitchen and bathroom to get rid of all the hazardous mold. With smoke and mirrors, they claim the “added value” of $6,000 for the bathroom that had to be gutted and “added value” of $12,000 for the new kitchen. Miraculously, at the end of program they claim a profit. So I find it hard to believe that with the extensive damage and serious hazardous mold problem the rehab cost only $45,000 for this 3,900+ square foot house. They replaced 24,000 square feet of drywall, they had to gut the bathroom and the kitchen, pay a hazard squad to remove and treat the mold-infested drywall, cabinets, and flooring. The bathroom has to be gutted and treated, and most of the kitchen (including all the cabinets) has to be gutted and treated for black mold. But it is the source of Black Mold, which is a super-hazard. Whether someone intentionally left the water running or what, we never find out. Next we find out the flooding went six inches high up the wall studs on the bottom floor, and up the stairs we go to find the source of the flood – a bathroom. They forgot to add in the $18,000 Agents’ Commission. Here’s the breakdown at the start of the show: Purchase Price: So she bought this property for her client based upon the pictures. Then the agent looks at a brochure and says, “All the pictures look perfect.” Honest. Now the agent opens the front door, and we can see immediately that it’s a total disaster – all the walls are gone, the ceilings are gone, and we haven’t even seen the kitchen or the upstairs yet. How bad can it be? You gotta be kidding me. Sight unseen by either the investor or the agent. Just before they open the front door the agent says, “There’s been some water damage, but it’s been remediated. In fact, she didn’t even have to go look at the house in person before she tendered Mr. He plans to fix it up and get a quick profit by (what else?) flipping the house.Īpparently, his agent didn’t have to scour too far to find this lollapalooza of a deal. Right at the start of this episode, he announces proudly that he’s made a $225,000 ALL CASH offer on a house in a Guard-Gated Community, sight unseen. My real estate agents scour the city for incredible deals. Where others saw disaster, I saw opportunity. It starts with the star (let’s just call him “Mr. It’s about house flipping and, since I moved to Las Vegas recently, I decided to watch it. While channel surfing a couple of weeks ago, I ran across a show called Flipping Vegas. It’s like learning to perform surgery by watching Grey’s Anatomy. I’m not big on watching the so-called “House Flipping” television shows.
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