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Updated over 9 years ago, 06/22/2015
URGENT! Listing tomorrow. Help me look at THIS property deal
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.