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Updated almost 15 years ago,
First deal on my own
I am about to get a deal under contract, matched the bank's counter at 37k, house is estimated to be worth 155k. By contractors estimate the house needs about 50k in work. Plan to flip for 54 - 55k, I know it will have to be a double close, once I find a buyer because banks won't allow assignments. Are ther any thoughts on this deal?