Flip House in Texas

[John Claborn]

Hey everyone. There's no greater group of analysts in my opinion than bigger pockets members. Here's an extremely nutshelled analysis of a deal my investment company is doing. The market is Lubbock, TX. We purchased a property for $80k with a tax appraisal of $129k. After renos and based on comps in the neighborhood, we're projecting resale around $62-$63/ft. Square footage came in at 2,400 roughly. E estimate $30k in Reno costs. My question is what are some tactics we can use in order to $30k of profits on this deal. We're getting bids than have ranged from 20k-35k on renos. Originally our realtor told us 2,700 on square footage. Essentially, we went from a great deal to a good deal. What are your thoughts based on this very limited information I've provided. If you want to discuss personally in more detail, just DM me. JC