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Updated about 7 years ago,
First Flip!!! I close this Monday
I close on my first flip this Monday. I have spent the last three months walking homes and submitting offers. I have learned some much and feel that I will be successful. I purchased a house flipping spread sheet and have run the numbers a thousand times. I know that I will run into issues and problems that will hurt my budget.... I am so excited and ready to get started.
The house.
Purchased 125k foreclosed. 3/2 1720 sq ft in Canton, ga.
budget for repairs 25k (kitchen, baths, floors, paint both interior and exterior).
List price 195k