Diary of my 4th flip

[Chris C.]

So I am going to jump on the diary band wagon and document my 4th flip.  This is my third of this year and 1 last year.

Just got word from my agent that the bank has accepted my offer.  Just waiting for the documents to sign right now.

Purchase Price: $120,000

Estimated Rehab:$20,509  This is my rough estimate based off  my previous flips I will do my final estimate and budget during the inspection period.

Estimated FARV: $179,900

2800 sqft

4 bed 3 bath

Two of the bedrooms are master suites

Expected to be a light rehab with just paint, floor coverings, countertops,etc.  My only concern right now is the previous contract with an owner occupant fell through due to the inspector saying " there are no ducts in the walls".  This caused the lender backed out.  This is a new one to me so I will just have to get in there and see what he was talking about.