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Updated over 9 years ago,

User Stats

4
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0
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Eric Thompson
  • Clarkesville, GA
0
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4
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Newbie Flipper?

Eric Thompson
  • Clarkesville, GA
Posted

So I have found a house that is for sale for 15k and it has had previous fire damage. I am not sure the extent of it yet. I contacted the realtor to get info on the house but I am not sure how to go about talking to them (or if I should) about my potential intentions. So I guess this is a multi tiered question.

How much should I be honest with the realtor about my intentions? I can't thin of any reason they wouldn't be honest with me but I don't want to expose my poker hand before time. Also how is a good way to terminate discussion on this house without being hounded by a "salesman".

Obviously depending on how much fire damage is done, is it a bad idea to even look at the house in the first place? Has anyone had experience with homes like that before?

When looking at comps in the area I see that most run 65-85k. This one would be on teh high end because of 3 beds and 2 baths and sqft. Of course I need to get some repair estimates but if the house is only 15k to purchase how much is too much for repairs? I know that is a loaded question and it depends,  but I am asking for general ideas and am not totally sure what I am asking but know there is a question there. 

Overall it is my first step into even ASKING about a home for potential flip so I am of course nervous and a fish out of water. This is also my first post on bigger pockets as well so I do hope for some good interaction.

Thanks everyone in advance!

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