Flip outside the 70% Rule

[Paul Sorgi]

I am looking at a SF home in Waltham MA in the area called the Highlands.

The house is 1655 sq ft 4 bd 1 bath with an unfinished basement that can be finished. There is room to add bath as well. The home does need an updated kitchen and the existing bath needs work.

ARV is 500k

Rehab 25 to 35k

Asking price is 370k and is negotiable

Thoughts?

[Justin Silverio]

I agree with Shaun and J. Assuming your rehabbing the kitchen and bath, adding a bath, finishing the basement, painting, refinishing floors, etc My rehab cost would be closer to $60k-$65k.