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Updated over 5 years ago on . Most recent reply

Ryan Nolan's profile image
Ryan Nolan's profile image
Ryan Nolan
  • Property Manager
  • from Fairhope Alabama
  • Member since Dec 18, 2015
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Ryan Nolan's profile image
Ryan Nolan's profile image
Ryan Nolan
  • Property Manager
  • from Fairhope Alabama
  • Member since Dec 18, 2015
Connect
Ryan Nolan
  • Property Manager
  • Fairhope Alabama
3
Votes |
28
Posts
Florida Real Estate Q&A Discussion Forum

Fix and flip deal (your opinion)

Ryan Nolan
  • Property Manager
  • Fairhope Alabama
Posted

Breakdown of the deal is this...

3/2 with a metal roof 

Purchase price 84k

Rehab 10k-15k 

ARV 125k-130k

Cosmetic updates roof was installed 2007 HVAC works. 


what are your thoughts?

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Gary Siver's profile image
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Gary Siver
  • Flipper/Rehabber
  • from Orange Park, FL
  • Member since Dec 6, 2014
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Gary Siver's profile image
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Gary Siver
  • Flipper/Rehabber
  • from Orange Park, FL
  • Member since Dec 6, 2014
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Gary Siver
  • Flipper/Rehabber
  • Orange Park, FL
83
Votes |
180
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Gary Siver
  • Flipper/Rehabber
  • Orange Park, FL
Replied

Should be able to make a quick 10-15% on your money. If your numbers are right and you have good guys in place I would do it. Try taking them down on the price, that way it will give you a little buffer. 

  • Gary Siver
    • 1 Vote
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