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Updated about 8 years ago,
Nice Starter House, Already Demoed, Waiting for $10k or Less
Help a brother close his first deal.
Great starter home in trendy Happy Holler Neighborhood in City of Knoxville. Area attracts young professionals, graduates, and college student renters. House is already demoed and just needs to be finished. Not an area for top of the line touch so can be done within a month for less than $10,000.
Wholesaling this home for $34,000.00 and it comps at $75k with potential to do more if you want to wait for the right buyer. I've seen similar 2/1s go for over $100k around the corner. Homes are moving fast and investors are buying up this neighborhood for easy flips or long term rentals because the area is sought after for both it's trendy shops and lifestyle but also for convenience to downtown and both major interstates.
Please contact me if you are interested by emailing me at [email protected] or reach me at 8656961815, or just message me on here.
Here is my analysis before I actually walked through the property. I still think my rehab cost is already a bit conservative but I rounded up to be conservative on top of conservative. There's still plenty of meat on the bones. Impossible to not make money unless you pull a "Brandon's First Flip". LOL.
Link to Analysis:
https://drive.google.com/file/d/0B9W1aJDovOGFT1FjZ3N5eWtQSm8/view?usp=sharing
Link to Comps:
https://drive.google.com/file/d/0B9W1aJDovOGFeTJQd0NwcVpKdGs/view?usp=sharing