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Updated almost 9 years ago on . Most recent reply

need advice on analyzing a deal in Fayetteville Ga SFH 4+3
I have a property I am in deal negotiations with
the property is a 4 bed 3 bath 1890 sft tri-level with a pool light rehab just needs paint inside and out
ARV is 170,000 estimated repairs 6,350, owners minimum selling price is 130,000 I was hoping to fix and flip for 150,000 for a quick sale. with closing costs and other expenses I might get 10,000 out of the deal.
Are my margins to small?
am I missing anything in my analysis?
How would you structure the deal?
Most Popular Reply

Eric -
Have you looked at the comps in the area. If you want a quick sale in Fayetteville, it needs to be the best in the neighborhood - I am talking new kitchen and new baths. I have never done a rehab in Fayetteville for less than $15,000. Based on that square footage, I will be surprised if you can do repairs for less than $10K.
Here is a recent flip of mine. https://www.dropbox.com/sh/wa3io8wpadghjpj/AAAN1Vy...
This is an example of what buyers are looking for. Good luck