😱Is it safe to flip TOWNHOUSES?
Good Money Morning Roundup Homies,
Can you flip townhouses and make money in this housing market? Well today let's go inside this property we have under contract to buy. It's located in Virginia Beach and I think this is a good area. It's a 3bdrm/1.5bth and it needs a new kitchen, flooring , paint and minor upgrades to bring it up to A+ standards. The roof, windows and HVAC are in good shape so that saves us a ton of money. Let's run the numbers and go inside the property to see how it looks now. Keep in mind, I never know if any of these flips are going to actually make money until we finish the reno and put it on the market. So, let's see what the numbers look like and the repairs needed before we buy....
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