Rehabbing & House Flipping
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago on . Most recent reply

FRUSTRATED with $20k to spare
I did my first flip in Gainesville FL, well it was a half a flip but thanks to the RE agent that is also a BP member ( Jennifer Baronna ) she saved my bacon and found a buyer to take over the half finished rehab. I still walked away with $50k thanks all to her ! fast forward 3 months my money is dwindling down from 30k seed money to 20k due to using it as income. Everything is so expensive here in Austin so I chose out of Killeen and San Antonio to go with SA due to a larger market. I have a GC ready to go. Found a killer deal that my small 20k all in would be enough , the deal was 58k pp (which i big 67k and still lost), rehab 100k and ARV 300k. This deal would have put me back in the race to play with the adults. Now I just feel stuck like chuck with no truck hat i cant find deals that are within my low budget. ANY VETERAN SUGGESTIONS WELCOME
Most Popular Reply

thats exactly what im doing is leveling up. its not a 300k property its a 58k property with 100k rehab by a VERY experienced GC. so all in its a $158k property. I said the ARV is $300k.