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Updated about 7 years ago on . Most recent reply

Frank Yaccarino's profile image
Frank Yaccarino's profile image
Frank Yaccarino
  • Homeowner
  • from Glen Allen, Virginia
  • Member since Aug 9, 2014
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Frank Yaccarino's profile image
Frank Yaccarino's profile image
Frank Yaccarino
  • Homeowner
  • from Glen Allen, Virginia
  • Member since Aug 9, 2014
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Frank Yaccarino
  • Homeowner
  • Glen Allen, VA
9
Votes |
33
Posts
Buying & Selling Real Estate

first flip Glen Allen Va

Frank Yaccarino
  • Homeowner
  • Glen Allen, VA
Posted

I am looking for my first deal, and a way to increase cash buying power.  The funds available is $50,ooo I would be borrowing from a 401k.  I would  like to know what price range I should  be looking at for rehab and flip. Please help with any suggestions.  

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Chad Seay's profile image
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Chad Seay
  • Realtor
  • from Mechanicsvlle, VA
  • Member since Sep 9, 2017
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Chad Seay's profile image
Chad Seay's profile image
Chad Seay
  • Realtor
  • from Mechanicsvlle, VA
  • Member since Sep 9, 2017
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Chad Seay
  • Realtor
  • Mechanicsvlle, VA
7
Votes |
23
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Chad Seay
  • Realtor
  • Mechanicsvlle, VA
Replied

I am a Realtor (and investor) in Richmond and have 3 or 4 under contract in Eastern Henrico for an investor client of mine who will flip them. They were all purchased between $40,000 and $65,000. Will have ARV's of $120,000 to $140,000.

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