2nd contract signed

[Shanequa J.]

I have another contract signed. This one will be a flip. Its a 3/2/2/pool. Comps are 150k without a pool. I should get 10k more. Bought for 110k. Repairs: 10k for cabinets, bathroom vanities and exterior/interior paint. Timeframe is 1-2 weeks.

I'm starting off with a low priced home because if it doesn't sell I can turn it into a rental. However, houses are sold quickly in this neighborhood. I saw 1-6 days with multiple offers. The longest was 26 days that needed renovations and was priced high.

I have 1 week to close. To do list: find lender, get an inspection, find contractor. Time to get to work.