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A REAL estate expert couple has made a quick profit from their recent house flip.
After investing in some renovations, they were able to sell the home and make a few thousands of dollars.
A real estate couple from South Carolina made over $30,000 on their ‘quick and easy flip’Credit: Tiktok/teamgiles__
Jordan and Alisha Giles (@teamgiles__) are home flippers from South Carolina.
The couple shares real estate videos on their TikTok, including details of their recent “quick and easy” house flip.
In the video, they detailed how they bought the home at a foreclosure auction for $132,500.
They purchased the home without seeing it, ultimately deciding to take a risk on the property.
The home had two bedrooms and two bathrooms and measured at 1,092 square feet.
The couple invested $12,000 in renovations, including painting the home and adding tile backsplash, LVP flooring, granite countertops, and new appliances.
After the renovations, the home sold for $175,000, resulting in a profit of $30,500.
EASY MONEY
The Giles are not the only couple making a quick buck from the house-flipping business.
Tarek El Moussa and Christina Haack – former hosts of the HGTV show, Flip or Flop – are real estate investors that turn old homes for a profit.
They purchased a run-down home in California for $425,000, but the property did not come without its challenges.
Immediately upon walking into the home, Haack was hit with an unpleasant smell.
“It honestly smells like 5,000-year-old milk,” she said while coughing.
The home also had other problems, such as termites, an overgrown backyard, and severe plumbing damage.
The couple invested an additional $114,600 into the property for renovations.
They retiled the kitchen, gutted the bathrooms, and painted the home’s exterior.
After being listed for several weeks on the market at $629,000 without receiving an offer, the couple lowered their asking price to $619,000.
Soon after, they received a full-price offer with closing costs of $20,000.
After finalizing the deal, the couple made a profit of $60,300.
In other house flipping news, one TikToker bought an untraditional home for $115,000 and sold it for $205,000 after “affordable upgrades.”
Also, a 22-year-old house flipper bought a $160,000 “super old and beat up” home that’s now worth $300,000.
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This article was originally published by a www.the-sun.com . Read the Original article here. .