I bought a house I found on Facebook without viewing it first – it was a dive but there’s huge money-making potential
A MAN took a gamble and bought a crumbling old house without ever seeing it – but says he can make a fortune flipping it.
The buyer from Houston, Texas found the property on Facebook for only $80,000 [£65,000] and believes he can over double that after he fixes it up.
In a video posted to TikTok by @flipingahouse, the real-estate investor showed off his newest property – a decaying, dirty and weathered bungalow.
With its mouldy walls, boarded up windows and sunken roof it looks far from a money-maker.
However, the buyer believes he got it for a total steal and estimates it’s actually worth $140,000 [£115,000].
He told his followers that when he makes it pretty and adds a bed and bath it will be worth over $200,000 [£165,000].
“Good job bro see[ing] big potential in that people [should] look at the bigger picture,” a viewer replied.
“That would cost nearly $1 million in San Diego,” said another.
However, not all his followers seemed to be convinced the house flipper had made a good investment.
One wrote: “Dude that is so risky isn’t it? you can get burned pretty easily.”
“What a state that doesn’t look like a bargain, probably needs a tear down,” another chimed in.
“You can get all that work done for 60k? Looks like a big project,” said one.
However, the real estate investor seems to know what he’s doing.
His TikTok is filled with before and after shots of the incredible work he does to turn cheap, old and abandoned homes into stunning properties.
In one video, he shares his five major rules when it comes to buying a house to do up.
He explains: “I teach this and tell everyone this, it’s the five majors.
“Your roof, electrical, plumbing, HVAC and your foundation.
“Those are the big five here in Texas and we will not buy a house that needs more than three of those.”
It comes as another TikToker took the bold step to buy her first house without seeing any photos – but she insists it’ll all pay off soon.
Chloe purchased a property in Sydney and plans to take it all apart to make into a dream home.
Meanwhile, a couple who also bought a house without viewing it first said it needed a lot of work – but a sweet edition made it feel like home.
