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All Forum Posts by: Jessica Thompson

Jessica Thompson has started 2 posts and replied 6 times.

Post: Confirmation of a good deal

Jessica ThompsonPosted
  • Real Estate Agent
  • Arlington, VA
  • Posts 6
  • Votes 2

@John Mathewson I analyzed the comps and with that price point our DOM should be between 5-10 days, fingers crossed we have the same luck as others.

Post: Confirmation of a good deal

Jessica ThompsonPosted
  • Real Estate Agent
  • Arlington, VA
  • Posts 6
  • Votes 2

Thank you for the input @Christopher Phillips - I'll pay out 3% in commissions hoping for no hiccups.

Post: Confirmation of a good deal

Jessica ThompsonPosted
  • Real Estate Agent
  • Arlington, VA
  • Posts 6
  • Votes 2

Total closing costs : 17k

Down Payment : 90k cash

@Christopher Phillips

Post: Take unsolicited offer or continue as planned?

Jessica ThompsonPosted
  • Real Estate Agent
  • Arlington, VA
  • Posts 6
  • Votes 2

I would take the money and run :)

Post: Confirmation of a good deal

Jessica ThompsonPosted
  • Real Estate Agent
  • Arlington, VA
  • Posts 6
  • Votes 2

Would love input on this one :)

Purchase Price: 390k

Rehab budget: 100k

ARV: 670k

Points: 3.5

rate: 11%

Exit strategy: Complete rehab in ten weeks and put it on the market ASAP

Post: Avoiding contractor mark-ups

Jessica ThompsonPosted
  • Real Estate Agent
  • Arlington, VA
  • Posts 6
  • Votes 2

We're starting our first project in DC and want to know where other flippers are purchasing cabinets, granite, kitchen appliances, and etc? We feel as if the contractor mark up is something serious.