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Updated over 6 years ago,
To buy or not to buy - first flip w/pics
I have an opportunity to buy my first flip — off market house from an elderly person moving into assisted living.
The home is in immaculate condition, like a time warp from 1960.
The price would be 160k, rehab for ——, then selling would top out at 200k or less. The profits would be split as a partnership.
Is this worth it to try as a first deal? I don’t see me losing money by just doing cosmetic improvements but it’s not going to be lucrative either. What would you do?