All Forum Posts by: Henry Sims

House was built in 74. I've got a renovation budget of of $20K doing most of the work myself and hiring out only the things I have to like laying hardwoods. I came up with this price by doing a lot of google searches to find different prices for each thing that needs to be done and by running my estimates by a contractor. 

It's my 1st solo flip. I did a flip a few years back partnered with my brother. I also spent a year as a home inspector several years ago. 

I just closed on this 3 bed 1 1/2 bath 1152 sq ft house in Chapel Hill NC. Found it on the MLS listed for $125K. I offered $107,500 thinking that that was a really good lowball offer and they said yes! Comps around the house ranged from $155-$195 and I'm swinging for the top end of that!

House needs: new kitchen, both bathrooms, flooring throughout, interior paint, landscaping, and some rooms have sagging floors. 

Amir Nassar , I'm very new to BP and REI. After 2 months of searching for deals and trying to get an agent to react as quickly as I want them to I've decide to get a RE license because I will be able to view properties on my schedule and submit offers on my terms.

Great stuff! Really cleared up a lot of things for me.

@Cliff Zarbock

 Can you refinance earlier or do you have to make payments the full 3 years?