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Updated almost 4 years ago,
Flipping deal in Chicago
Our first flip. Brought a property for 86k rehab about 120k. Homes selling in the area for 320-370k.
I’m financing, my brother is and agent/wholesaler. We are splitting 50/50. With covid, acquiring permits in Chicago maybe slow- worst case scenario way may not sell for 8months! Sounds like a good deal? Has covid slowed down acquiring permits?