Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

39
Posts
17
Votes
Taylor Wrice-Brooks
  • Real Estate Consultant
  • Washington, DC
17
Votes |
39
Posts

Who’s willing to mentor or guide through a big flip!

Taylor Wrice-Brooks
  • Real Estate Consultant
  • Washington, DC
Posted

Found a project in Richmond, VA where the purchase price is under $150k for a duplex in a booming area. The property is in terrible condition where it easily could cost about $150k+ for the renovation and selling "As Is"

I’ve checked the comps and it seems that market price for that area is about $250-$375k along with the next door neighbors home being relatively new and renovated from it’s older structure.

There’s a lot of potential in this property. For learning purposes, I don’t mind being the eye for whoever is use to projects with this potential risk. I have pictures of the property and good insight on the home.

I was thinking of getting a FHA 203k Type B and putting down the 3.5% but there's just so much work needed for this place which is why I don't mind being the eyes for someone who would want more detail.

Overall, I wouldn’t go

Loading replies...