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Updated about 9 years ago,
My first house flip
Daughter noticed foreclosure sign in window. House was vacant and door was unlocked. Looked house over and checked comps on county web page and called the POC. Offered $62,000 for this 3/2, 1500 SF home & put in contract we would close on Dec 29th and we could work on it while awaiting closing. Got cash for downpayment at bank from a credit card. Put about $8,000 in it with wife, daughter, son-in-law and I doing all the work except carpeting 3 bedrooms. Had 3 offers the first week of January and closed Jan 7th for $107,000.