Flipping a hoarder House is It Worthwhile

Flipping a “Hoarder” House: Is It Worthwhile?

Published On: December 12th, 2016Last Updated: December 12th, 2016Categories: Due Diligence, Flipping, Hard Money, Hard Money LoansTags: , , , , ,

If you recently purchased a home as-is, you may be just finding out that the previous owners were hoarders. If your deal of a lifetime includes trash (or worse) from floor to ceiling, you’re probably wondering what plan of action you should take.

What to Do With a “Hoarder” House

If you’ve assessed the home and think there may be some buried treasure—hey, it’s been known to happen—it may be a good idea to hire a cleaning service that you’ve depended on in the past. Having a contractor you trust (especially if you think there may be valuables) will be an important step in the trash out process. After all the work you’ll be putting in, you don’t want someone sneaking off with the antiques.

After the clean-out, you’ll need to decide where the less-than-valuable items will go. If you’d rather see things be repurposed, you may be able to advertise the leftovers as free. You’d be surprised at the amount of people who are looking to turn your trash into their treasure.

Do You Need a Hard Money Loan in Atlanta?

If you’re looking for a hard money loan in Atlanta, we may be able to help you.

Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.

Read our frequently asked questions and take a few minutes to learn about the hard money loan process.