All Forum Posts by: Anthony Antonicello

Ok, so my wife and I have been wholesaling for sometime now, but we want to start rehabbing some smaller projects to begin fix and flipping full time.

The deal:

The house is a 3 bed 2 bath house is a downtown project area. We can own it for $8000. ARV is $40k.

Here's the caveat: House has sat empty for at least 5 years, owner rented it out at one point in time but never lived in it. 

There is absolutely nothing in the house. No toilets, cabinetry , appliances, hot water heater, windows, HVAC, nor plumbing. There is also holes in the ceiling and visible mold. And finally the floors are not even, they are bowed or broken in in various places. The Sellers Disclosures are all unknown.

Although it is very enticing at buying a home for $8k, We are unsure if this would even be worth it considering the areas low ARV.

Any advice would be greatly appreciated. Thank you and God bless!

*Sorry for the multiple posts, the App wigged out on me!

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Hello Clifton, welcome to the Horse Capital of the World! I am a Real Estate Investor and Wholesaler in Central KY and would love to help you get started in the market. Feel free to contact me directly and we can set something up over a cup of coffee. Oh yea, and p.s. - (if you haven't already noticed people around here worship Kentucky athletics and put Coach Calipari on a level of importance up next to President Obama! so I wouldn't recommend saying "go gators" in public. ;-) People have been known to throw eggs. (Only kidding if course) but, Did you hear about the Florida Gator fan who tried to blow up the Tennessee team bus? ...He burned his lip on the tailpipe.

My seller is objecting to seller financing because she's afraid she will not be able to obtain another mortgage during the agreed upon term. How should I overcome this objection?

Hello, I just joined BP and would like to reach out to the local investors In my area. Are there Any Investors in Kentucky who are repeat Fix & Flippers or who purchase Buy & Hold Properties for your portfolio regularly? If so, which city do you live in and where do you primarily conduct your business? I would love to connect and network with you through these forms regarding our local market. Best, AA