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Updated over 5 years ago on . Most recent reply
What do I need to know before purchaseing a fix and flip?
I found a house that I would like to buy to fix then flip. I need to know what questions to ask before purchasing like do I need to ask if there’s any tax liens on the house? Should I ask the agent how much equity is in the home? What else do I need to know before purchasing?
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Greg Dickerson
#2 Land & New Construction Contributor
#2 Land & New Construction Contributor
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- Charlottesville, VA
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Greg Dickerson#2 Land & New Construction Contributor
#2 Land & New Construction Contributor
- Developer
- Charlottesville, VA
If the house is on the market you should get an agent to represent you and help you with due diligence.
You can ask about liens etc but mortgages will not affect you.
Big thing is you need to be spot on with your ARV and remodel costs.