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Updated over 9 years ago, 06/22/2015

User Stats

241
Posts
85
Votes
Garrett Diegel
Pro Member
  • Rental Property Investor
  • Nevada
85
Votes |
241
Posts

URGENT! Listing tomorrow. Help me look at THIS property deal

Garrett Diegel
Pro Member
  • Rental Property Investor
  • Nevada
Posted

I'm considering this property as a possible flip but am new to pretty much everything having to do with REI and flipping. Here is what I know. Which on this deal is not much. My thought would be to vet the deal asap and make the first offer.

Here is the property: http://www.zillow.com/homedetails/1061-Warwick-Ave...

  • It is being listed at $55,000 on 6/23 by the bank. 
  • Rehab cost unknown
  • ARV possibly $80-90,000 based on comps. But I'm not 100% on this number.

Any help would be amazing. Thoughts, comments, ideas. Does this sound like a deal that could work? My goal would be to flip this home and use the profit as a down for a buy/hold property. 

Thanks in advance.

  • Garrett Diegel
  • Loading replies...