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77
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36
Votes
Joe Stafford
  • Flipper/Rehabber
  • Fort Lauderdale, FL
36
Votes |
77
Posts

Just picked up my Second flip! pics and details.

Joe Stafford
  • Flipper/Rehabber
  • Fort Lauderdale, FL
Posted

For those of you who viewed my first rehab , https://www.biggerpockets.com/forums/67/topics/115833-completed-my-first-rehab

I recently closed on my second rehab! I closed Feb 24th on my 27th birthday. .. what a present! Purchase price was $130,000 and the house came from a probate case. It is a 2400 soft home with 3 beds and 2 baths, 2 car garage. I was lucky that my neighbor knew about the house and informed me about the sale. After 1 month of negotiations we finally came to terms. The rehab is extensive, all flooring, kitchen, bathrooms, drywall all over, electrical, plumbing, garage door..... The list just goes on. Estimate of $65,000 - $70,000 repairs with an ARV of $270,000 - $280,000.

I will post pics and details soon.

  • Joe Stafford
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