My first flip is UNDER CONTRCT

[Jason Davis]

22 days on the market.

I bOught it for $31k.  I put $6k as  down payment 
Used HML and got a 10k construction loan from HM lender. I owe the HML 37,500.

I have an extra 3 or 4 in it.

Listed it for $100k, ten days later lowered it to $94,900.  At both listing prices I offered to pay $3500 in closing cost.

Offer was $94,000 and I am paying $3,500 in closing. She asked for additional shelving in the laundry room and a new peep hole.  Think I can do that.

Profit should be $40+

I am very pleased.
:lol: buyer is pre approved for loan and grant money

[Jason Davis]

Sorry for my long over due reply.

The buyer already had an FHA mortgages. We had to get her house appraised. Etc etc.

So we went under contract on Oct. 7th. We did not close until Dec 30th. My flip appraised for 104k and 101k. Contract was for $94.

I walked from closing with 44,800 and change.

Now on to my next. I have a bid in with BOA on a SS and they are asking ir a pre qual letter from BOA. The offer is all cash? Does not make sence.