You’ve all watched Hoarders before. You’ve seen those houses stuffed with garbage.. kitchens that hadn’t been cleaned in years or months. If you are anything like me, you started to mentally clean the whole place up and wonder what was under all of that trash!
As investors, you’ve probably also come across properties in similar conditions and wondered if it was worth it. You may have even passed up on it because it was just too overwhelming. You are not the only one thinking that, so it’s no surprise that there can be some great profit potential underneath the mess.
The house was acquired for $175,000.
The exterior and interior rehab, landscaping and clean up cost $50,000.
It sold in less than a month for $312,000.