Diary of a new flippers, 1st flip, Chapel Hill NC

[Henry Sims]

I just closed on this 3 bed 1 1/2 bath 1152 sq ft house in Chapel Hill NC. Found it on the MLS listed for $125K. I offered $107,500 thinking that that was a really good lowball offer and they said yes! Comps around the house ranged from $155-$195 and I'm swinging for the top end of that!

House needs: new kitchen, both bathrooms, flooring throughout, interior paint, landscaping, and some rooms have sagging floors. 

[Henry Sims]

After 2 months of work this project is coming to a close! I've stayed really close to the $20k rehab budget. Here is a picture of the kitchen. I'll post more pics tomorrow. Met with the realtor today going to list it at $179,900.