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All Forum Posts by: Courtney Kelley

Courtney Kelley has started 1 posts and replied 1 times.

Starting Out

Post: First fix and flip and I need guidance.

Courtney KelleyPosted
  • Los Angeles, CA
  • Posts 2
  • Votes 0

Hi BP community!

I am looking to close my first fix and flip deal and I need your help. It is a 3-plex in Los Angeles, purchase price $755,000, rehab is $100,000 max( hasn't been updated since 1945), with an ARV of $1.1 million. The owner wants a cash buy, the less contingencies the better, and to liquidate fast so she can purchase property out of state. I don't have it under contract yet or a cash buyer, but I wanted to get an idea if I am doing this right. My plan was to get it under contract then hunt for a cash buyer on different sites. None of my ‘mentors' are responding to my messages in regards to the deal.

Am I doing this right? 

Thanks everyone.

0 Votes