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Updated over 10 years ago,
REO with potential to flip, Rehab. Contractor advice Indianapolis area
I am looking at a potential REO in Indianapolis that has been reduced to a very low price because of an order to repair list. (List)
What is the best way to determine and estimate the costs of fixing the items on the list to bring it back to "investable" condition for a flip. If the repairs could be completed for under 15K I think there is a good potential for profit flipping the property and a great return holding the property.
Anyone want to look at the order to repair list and let me know how ugly this may be before I dig deeper? Looking for local advice if possible.