My ugly-ass house

I’m in the process of buying the house below. Yes, it’s ugly (you should see the inside). It’s a HUD foreclosure and it needs about $8k in repairs, but I got it for about $33k less than the ARV (after-repaired value). Unfortunately, commissions and repairs and everything else eat into that pretty severely, but I still expect to make a 200% annualized return on my investment. Not bad.

ugly house


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