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Updated almost 7 years ago on . Most recent reply
Help analyzing flip deal
Hey guys I need an opinion on if this is a good deal or not. I have a 2 bed 1 bath 647sqft house I am look at and it is priced at $18,500. The owner is currently in the process of updating and repairing the home herself. On Zillow it’s zestimate is around $49,000 while comparable homes range from $26-$86k. The owner is firm on the price of $18,500. Can you guys give me your opinion?
Most Popular Reply
Are small houses such as that common for where you are looking to buy? If you do not have MLS access, I would speak to a trusted real estate agent and see what the DOM and price /Sq Ft is for similar homes in that area. Then go from there and use the flipping calculator to figure out how much you can offer and still make a profit.