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Updated almost 10 years ago on . Most recent reply

User Stats

42
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0
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Shema Turner
  • Columbus, OH
0
Votes |
42
Posts

Flipping Idea.

Shema Turner
  • Columbus, OH
Posted

I bought a rehab property for 30k in Columbus Ohio 1 year ago (2000+ sq ft, 3bed 1 1/2 bath, attic and basement) I recently received some comps and similar sq ft houses with 3-4 bed and 2 bath are being sold for $100,000-$170000. 

I was recently laid off and was wondering other than a loan or borrowing from someone, how can I finance the rehab ?

I am considering flipping given the recent comps.  I've  been doing a lot of research about the 70% rule etc but I am still confused, any suggestions what topic or forum would be best for me to research ?

Thanks guys

Most Popular Reply

User Stats

1,158
Posts
655
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John Horner
  • Flipper/Rehabber
  • Columbus, OH
655
Votes |
1,158
Posts
John Horner
  • Flipper/Rehabber
  • Columbus, OH
Replied
Originally posted by @Brian Hayes:

@Shema Turner

Thats a tough area over there, I know alot of people interested in that area and could personally get you in touch with them. A word of caution to really lock down your ARV and rehab amount but if you are confident of those numbers and they are true then you could partner with someone who has the money and or the ability to do the work and split the profits.

 What area is it, she didn't mention in this post?

  • John Horner
  • Loading replies...