Closing in 3 days and need your help with the numbers!

[Jeremy Kleier]

Purchase Price: 180,000

County accessor: 1292 (this is where we signed the square footage disclosure)

Actual square foot age: 1100 - 

ARV - 215,000 conservatively

Would buy this house house as a live in flip? More than likely we will live in it for more than two years.

[Derek T.]

No I wouldn't buy it as an investment property.   I didn't see any pics of the house in the video but how much repair does it need?  When you add that,  closing costs,  mortgage payments,  realtor commission,  utilities,  taxes,  insurance,  etc it doesn't make much sense as a deal.   Even with 5% appreciation over two years it's not a deal.