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Updated about 11 years ago,
thinking out loud on how to do this
Hello flippers
I am trying to get a good plan on how to do some low cost flipping. I need to have a good plan to show the wife I am dead serious about this.
I am outside of Detroit. In this area you can buy houses for under 10k.
I am thinking of just always doing the same thing to these houses.
1. white kitchen cabinets, with laminate counter tops with the 4 inch back splash. And have it just be paint until the upper cabinets.
2. Put in all used stove, fridge, dishwasher. Hell I can get a used dishwasher cheaper than a 24 inch cabinets will cost. Women will always love a dishwasher. All white they must be white.
3. same type of carpet or flooring.
The price point I am looking at is either 24,900 or 29,900 in these areas.
Try to never ever move a wall unless it is real simple.
either find a house that has a decent roof or newer windows. Will not be able to find both at that price.
Have molding on all the doors and windows. This something that I am good at so the cost will be materials.
If it does not sell the 1st 2 months rent it out and sell it as an income property with tenants already there.
So how does this look