A REAL estate couple from South Carolina shares videos about their property investments with their TikTok followers.
In a video from last year, they shared the details of one of their profitable house flips.
QUICK FLIP
Jordan and Alisha Giles (@teamgiles__) are real estate investors located in South Carolina.
They flip homes to turn a profit, and post the details on TikTok.
In one video, they showed clips from inside a home they bought for $187,500.
At 1,750 square feet, the property had three bedrooms and one bathroom.
The couple spent a whopping $202,000 on renovations, which was over the budget they had set.
After the revamp, which involved adding bathrooms and increasing its square footage, the home came to be three bedrooms, three bathrooms, and 1,850 square feet.
The property ended up selling for $475,000 cash, making for a profit of $85,500.
TIKTOK CHIMES IN
People in the comments debated over whether the property was a good investment.
Many thought that the profit was minimal in comparison to the high price of renovations.
“New to all this so correct me if I’m wrong… but this doesn’t seem like a flip that was worth it for such a small profit..” wrote one skeptical viewer.
Others defended the couple’s investment and were impressed with the flip.
“How are people saying $85k isn’t much profit? That’s more than most make in a year’s salary lol,” wrote one.
“When I first seen it and the price.. instantly thought omg you won wow,” commented another user.
ANOTHER FLIP
This flip wasn’t the only one under the Giles’s belt.
They also purchased a $132,500 home at a foreclosure auction without seeing it first.
The home had two bedrooms and two bathrooms, measuring at 1,092 square feet.
They put $12,000 into renovations, including painting the house and adding a tile backsplash, LVP flooring, granite countertops, and brand new appliances.
After the revamp, the property sold for $175,000, making for a profit of $30,500.
In other property news, a house flipper bought a ‘damaged’ house for cheap – after doing the dirty work he sold it for $280,000.
Also, a 22-year-old house flipper bought a $160,000 ‘super old and beat up’ home, and after less than a year it’s worth $300,000.
