House Flips

Discovery of LaRancharita: Our Buyers Remorse House Flip

The discovery story of the ‘LaRancharita’ house is a lonely one. It was sitting there vacant, with a small sign gracing its window: “For Sale.” It’s a blessing and a curse, seeing potential in all-the-things. Because it turns out, we might have bitten off more than we could chew with this house flip. More on why this became a buyers remorse house later …

Buyers Remorse House Flip

larancharita: our buyers remorse house flip | House Flip by popular US house flip blog, The Inspiring Investment: Pinterest image of a house flip.

After finding the house, Uriah did what he does best and got in touch with the seller, who didn’t seem to like talking on the phone. Any pause in conversation and the guy would abruptly hang up. He also was a used car salesman in a different life, or maybe this life? Nonetheless, he had trust issues.

Raleigh house flip before renovation real estate we buy houses as is sell house cash how to investor | House Flip by popular US house flip blog, The Inspiring Investment: image of a rambler house.
So beautiful. It just screams, “Buy me!!”, right? Wouldn’t you want this little treasure?

A series of unfortunate events elongated his ability to close, but when he was ready, we were there and got it done. The seller was able to move on and we got right to work.

The Lovely “Before”

Note the crumbling driveway and chimney that isn’t even attached to the house.

The kitchen was something to look at, with its faux brick and all. You can see on the left side of the kichen picture that the room behind it is the room with the exposed framing in the second picture. This is the dining room wall that separated the dining room from the ‘covered porch.’

damaged hardwood floors buckled remodel flip raleigh before renovation living room and porch wall ranch \ House Flip by popular US house flip blog, The Inspiring Investment: image of damaged hardwood floors.

Oh, and the floors were a little … wavy. Dang termites.

remodel flip raleigh before renovation laundry before ranch | House Flip by popular US house flip blog, The Inspiring Investment: image of a retro laundry room.

Above is the laundry room / rear entry before we got to work.

Steller plumbing in the bathroom …

Our Buyers Remorse House Flip

A combination of poor grading and termite damage made this a bit of a buyers remorse house.

what does termine damage look like renovation house flip remodel Raleigh  | House Flip by popular US house flip blog, The Inspiring Investment: image of termite damage.

About knee deep into the project, we realized we probably should have just torn the whole house down.

Want to know what we ended up doing? I’ll give you a sneak peak …

raise the roof construction framing how to renovation flip houses raleigh | House Flip by popular US house flip blog, The Inspiring Investment: image of a person working on a ceiling.

Yep. 

Thankfully, this house has a redemptive story! What was broken is now whole.

Keep reading about this buyer’s remorse house in LaRancharita, Part 2: The Repair Plan.

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Have you ever taken on a hard house flip project? Let me know in a comment below!

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