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Updated almost 8 years ago on . Most recent reply

Carson Wilcox's profile image
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Carson Wilcox
  • from Davis, California
  • Member since Sep 19, 2016
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Carson Wilcox's profile image
Carson Wilcox's profile image
Carson Wilcox
  • from Davis, California
  • Member since Sep 19, 2016
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Carson Wilcox
  • Davis, CA
344
Votes |
595
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Buying & Selling Real Estate

Buying someone elses Flip-FLOP?

Carson Wilcox
  • Davis, CA
Posted

so an agent sent me a property today... its half done... down to studs, electrical and plumbing done... agent says they "ran out of $"    Numbers look ok on it... 

Assuming I have my contractor look at the stuff already done...  what are the drawbacks to buying someone else's failure?

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David Dachtera's profile image
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David Dachtera
  • Rental Property Investor
  • from Rockford, IL
  • Member since Aug 18, 2014
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David Dachtera's profile image
David Dachtera's profile image
David Dachtera
  • Rental Property Investor
  • from Rockford, IL
  • Member since Aug 18, 2014
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied

You still need to get a purchase price that works for you.

You may need to start over on some work.

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