We bought a $310,000 historic home in cash
Lindsay and Tyler, serial house renovators, purchased their ninth fixer-upper - a 1934 Craftsman home in Springfield, Missouri for $310,000 cash. They plan a $125,000 renovation budget and are currently $50,000 into cosmetic improvements rather than structural changes.
Summary
Lindsay (32) and Tyler (34) are experienced house flippers who have purchased their ninth renovation project - a 1934 Craftsman style home in Springfield, Missouri. They paid $310,000 in cash for the 2,000+ square foot property, which features four bedrooms, two baths, an unfinished attic and basement, plus a detached carriage house with garage on a triple lot in a desirable historic neighborhood. The couple funded this cash purchase using proceeds from their previous home sale, allowing them to eliminate their mortgage and live debt-free. They have allocated $125,000 for renovations and have already spent $50,000 on improvements. Their renovation approach focuses on cosmetic updates like painting and decorating rather than major structural changes, as they aim to preserve the home's historic character. The couple follows a pattern of completing renovations on their current home, then moving to a new fixer-upper project, driven by their passion for renovation work.
About this episode
In 2020, Tyler and Lindsey Dobson began upcycling furniture they found on the street to furnish their home in St. Petersburg, Florida. That side hustle grew into flipping entire homes, eventually earning them hundreds of thousands of dollars along the way. Today, they’re living mortgage-free and renovating a 1934 craftsman-style home in Springfield, Missouri.
Key Insights
- Using proceeds from previous home sales to purchase the next property in cash eliminates mortgage debt and provides renovation funding flexibility
- Focusing on cosmetic improvements rather than structural changes can preserve historic home character while staying within budget constraints
Topics
Transcript
We have recently closed on our ninth home that we will be renovating and fixing up. Every time we finish a house, especially one we live in, once there's no projects left, we just get the itch to do it again and we leave our beautifully renovated home for a bigger fixer-upper. Welcome to our 1930s Craftsman Home in Springfield, Missouri. My name is Lindsay and I am 32 years old. My name is Tyler and I'm 34 and we are living in and renovating a 1934 Craftsman style home in Springfield, Missouri. We bought our house for $310,000 cash and we plan to renovate it for $125,000. When we purchased the home, it was just over 2,000 square feet,…
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