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Updated over 7 years ago,
Flipping advice needed - Having second thoughts (Jacksonville)
Hi Guys,
First off, very grateful to have a place to seek support when needed - Thanks
Have this property under contract, got it via the MLS with a buyer's agent, who pulled what seems to be good comps-
The property is very well maintained yet very dated -
Purchase: 65K
Workscope: 25K-30K
ARV: 130k-145K Range
Agent is confident that it will sell for 130K very easy, more leaning towards 140K,
Zillow Data are off and i could not see the Comps he sent over on zillow/recently sold - yet i did confirm it via the county tax website
I am planning to finance the whole project with my own Cash -
My impression of the area is that its a B Class neighborhood, there were several sales within this price range in the immediate area within the last months - Its growing but not whole blocks of the same price i am looking at - It sort of having an increase in investor interest as it seems,
Individual houses are buying bought/rehabbed and sold -
really hard what to say on that, for me at-least.
Question is -
Could anyone here assist me with confirming the data/ the area and provide his own analysis as to how that looks - Pretty new to this.
I trust the agent and data that he provided, but these seconds thoughts are disturbing -
4603 Morley Ln, Jacksonville 32210 - Cedar Hills.
Thanks