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Updated over 5 years ago,
First house hack fix and flip
Ok. So found a house that I would like to house jack. The house is listed for 140,000. I feel I can get it for 120,000. I figured rehab would cost 35,000. Comps around are selling from 207,000 to the highest one being 225,000. I figure I can get 220,000 arv. I would purchase the house with a 100% financing loan. I plan on doing the repairs with in the first year. Trying to see if it would be an ok deal to get into real estate investing. any advise helps. Thanks in advance.