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Updated about 4 years ago,

User Stats

9
Posts
1
Votes
Brandon Harrison
  • Investor
  • Austin, TX
1
Votes |
9
Posts

Austin, TX - Contractor for light flip

Brandon Harrison
  • Investor
  • Austin, TX
Posted

Hello all,

I'm a newbie investor (I currently own one triplex) living in Austin, TX. I am under contract for a live-in flip in Austin.  It's a relatively "light" flip which is what I was seeking as my first attempt at flipping. My plan is to try to do some of the work myself so I can learn, and then outsource some of the work (knocking down a couple walls) so that I can get some experience managing contractors and ensure the larger projects are done properly. My plan is to hold the property and live in it for 2 years before selling. I'm looking for any advice in managing through this and recommendations of contractors in Austin, TX. 

Here's some more numbers:

I'm purchasing the property for $524k (3bd, 3 bath, 2100 sqft, built in 1985 in the NW Austin area)

Estimated repairs: $30k (open one kitchen wall up, new appliances, new man made countertops painted cabinets, new vinyl flooring throughout, new paint throughout, remove popcorn ceilings.)

ARV: 585k

Thanks all!

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