Diary of my latest flip

[Account Closed]

I'm going to use this thread to track the progress of my current flip project. This house is in the Hickory NC area. The house was an REO listed in the MLS. It is a split level ranch with 3 bedrooms 1.5 baths and a full basement that is partially finished.

Purchase price: $41k 

Rehab/Holding cost estimate: $15k

ARV: ~$80k

I"m shooting for a profit of $15-20k. This is on the lower end of my desired profit margin on a flip, but it is actually the first one I've done where I am not doing any of the work. I'm willing to take a smaller return if I'm not swinging any hammers. We will see how it works out.

Before Pics: