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My First Flip - The before pictures

Here's the property that my partner Rich and I will be working on

This property is located in Clifton NJ. The exterior is a little rough. We plan on replacing the roof, windows, and painting the siding. Of course prettying up the porch a bit and some landscaping work.

Here's the lovely kitchen

Although this is quite the kitchen, our plan here is to gut the entire area and re-do with new tile flooring and new maple cabinets.

Here's the main bath - to much black and white tiles for our future buyers. It's got to be cleaned up in order to sell.

And finally the living room and dining room

We'd like to eliminate this beautiful fireplace from the picture. In addition to these rooms, we need to do some drywall work in most of the bedrooms along with new carpeting. Also the second bath is a complete gut job. And the back deck needs some help. I promise to chronicle the budget planned and how we're doing with that budget in future posts, but i thought you'd all like to see the house in it's present state. It will be great when we're finished with the job. Thanks for checking in!

For your Real Estate needs in North Jersey contact

39 E. Main St.

Little Falls, NJ 07424

973-256-0303 ext 211

Jim Albano

www.yourhomenorthjersey.com

www.northjerseycondos.com

www.montclairbound.com

Posted Saturday Mar 22

Looks like it will be a good project. I am starting #5 this weekend.  Good luck and be sure to post the results.

Wow - those are some sweet green cabinets:)  You sur eyou want to get rid of the fireplace entirely?  We had an ugly one and my hubby encased it in fire rated backerboard and then tiled it in slate - it was pretty amazing and a real show piece!  Good luck!  It looks like a great little place!

Jim:  What perfect kitchen cabinets for a St Patricks Day party.  How in the world could anyone choose to have them that way on purpose.  So, when you get it ready to go, what price will you be hoping to sell it at ?

(03/22/08 12:31AM) — Jonelle Simons

Good luck with your project - looks like a good one! 

(03/22/08 12:35AM) — Vincent Martinez

Hi Jim. The house looks pretty good. Can't wait to see what you do with the place. Best of luck and see you around.

Hi Jim,

I'm looking forward to seeing your 'after' pictures.  Good luck on the project.  Have a great weekend.  Michael A. Caruso

(03/22/08 12:58AM) — Tony & Darcy Cannon - The C Team

Looks like a good project.  Good luck, I hope that everything works out!

Cant wait to see the after pics!

Susan

(03/22/08 01:23AM) — Brian Barnes | Real Estate Broker

Good Luck....... I got burned bad on a no brainer deal here in CA just as the market turned......

Will be lucky now to get out with my pride much less and $$$ at least have it lease optioned but not sure if the people will be able to qualify when the time is up.....

 

I am disappointed because I am gunshy and strapped as a result.

 Lot's of money to be made right now........

 

Keep the checkerboard design

reminds me of some shoes I had back in grade school...... 

(03/22/08 01:31AM) — Heather Black

Wow! Good luck. It sounds like a fun project!

JIM - Not too bad.  At least you know that you can keep the cabinets and just renovate the rest of the home ;-).

Love them green cabinets! Actually looks like you got your work cut out for you...good luck!

Good luck.  I am starting a pretty big job also.  I am sure to learn alot.

Good luck Jim you have your work cut out for you.  Clifton is a convenient area though so you should sell it quickly.  Some curb appeal would go a long way.

(03/22/08 08:04PM) — Jim Albano

Thanks everyone for your comments and support. It seems like quite a few of you like the green cabinets - we may have to keep them....not!!!

Cool...can't wait to see the results on this.

(03/23/08 06:42PM) — John and Lisa Marker

Hey Jim...Looks like a good project...what are the number targets for ROI? 

(03/23/08 07:01PM) — Jim Albano

If all goes as planned, we're looking for around 80K ROI.

(03/23/08 08:12PM) — Green Bay Homes Greg Dallaire

Look forward to see the rest of the flip project. 

This is going to be fun to watch!  May you be blessed with running under budget, perfect measuring and finding everything that you need at a huge discount!

(03/24/08 10:35PM) — Jim Albano

Greg - Thanks for your support!

Mark - I appreciate the blessing! Hopefully all of those things come to be, but I'm not counting on it!

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