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Updated about 9 years ago, 09/03/2015
flipping house that has frozen advice...
I am looking at a foreclosure on hubzu. It is being sold as-is cash only. Starting bid $135,000. ARV comps around $215,000 conservatively. I know that the house froze last winter. Is this something that you would consider? Hubzu states that the house is occupied but i know for a fact it is vacant as my mom, who is a realtor just showed it about a month ago before it was foreclosed on. I have purchased a property through hubzu before and know what to expect. I have done two rehabs for buy and hold, this would be by first flip.
I a planning on having to replace all plumbing with pex, toilets, and hot water heaters. also needs flooring and other standard basic cosmetic upgrades. Anything else big that I would need to consider?