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Updated about 13 years ago,

User Stats

190
Posts
21
Votes
Jason Davis
  • Rehabber
  • Powhatan, VA
21
Votes |
190
Posts

My first flip is UNDER CONTRCT

Jason Davis
  • Rehabber
  • Powhatan, VA
Posted

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

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