Renovation Spotlight: Full-Speed Flipping

Jamie Wooley’s most recent deal is a 2,000-square-foot Texas home that she made over from the foundation up in just over two months. “We had to do basically everything to this one: foundation, new roof, new windows, all new flooring, opened up a wall in the galley kitchen, the works!” Wooley said. “I think this is one of our best before-and-after projects.”

Looking back on the project, Wooley noted one of the few things she might have done differently is create a “pop” of color over the oven in the kitchen. “I would maybe have given the tile a more decorative look to keep everything from blending in there,” she said.

Investor’s Deal Notes:

Purchase Price: $125,000

Rehab & Holding Costs (including agent fees): $100,000

List Price: $299,000

Expected Net: $50,000*

*projected net value allows for potential market shifts between points of publication and sale.