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Updated about 9 years ago on . Most recent reply

User Stats

192
Posts
126
Votes
Brent Hill
  • Investor
  • Charlotte, NC
126
Votes |
192
Posts

Flip in St Augustine, SFH, 2/1.5

Brent Hill
  • Investor
  • Charlotte, NC
Posted

Trying to do a possible flip with a wholesaler as my first deal. Says he can purchase it for 100K, 25-30K in repairs with 150 ARV but prob sell for 140. I said he has to purchase it at 82K or I don't want in on it but I am having a hard time trying to figure out comps for area. I figured 6% commission, 2 months holding cost at 1K per month, 3K in closing costs.

Not sure if I should post the address here or not.  Looking for some advice and direction on this but I am a skeptic at nature so I am sticking to my 82K mainly because I am going to be doing private money.  All advice and finger wagging welcome :-)

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