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Updated almost 2 years ago on . Most recent reply

Norton Lam's profile image
Norton Lam's profile image
Norton Lam
  • New to Real Estate
  • from Twin Cities, MN
  • Member since May 19, 2023
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Norton Lam's profile image
Norton Lam's profile image
Norton Lam
  • New to Real Estate
  • from Twin Cities, MN
  • Member since May 19, 2023
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Norton Lam
  • New to Real Estate
  • Twin Cities, MN
2
Votes |
6
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Rehabbing & House Flipping

First time rehabber

Norton Lam
  • New to Real Estate
  • Twin Cities, MN
Posted

Hi,

I am new to rehabbing/flipping. I found an as-is property that looks to be about 30% undervalued, but it has clothes, furniture and other belongings left behind as well as a kitchen (gross floor, no cabinet doors) and bathroom that needs major work. Wondering if someone would be willing to help me decide whether it is a good investment opportunity. Thanks in advance!

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Eliott Elias's profile image
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Eliott Elias
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  • from Austin, TX
  • Member since Jan 5, 2021
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Eliott Elias's profile image
Eliott Elias's profile image
Eliott Elias
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  • from Austin, TX
  • Member since Jan 5, 2021
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Eliott Elias
  • Investor
  • Austin, TX
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Eliott Elias
  • Investor
  • Austin, TX
Replied

What is your criteria? Do not shop around for deals if you do not know what you are looking for. Determine your rehab budget and factor in closing costs with selling the property. 

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