The house, in the condition it is in, is currently appraising at about 350k.

., known for its upscale appeal and strong demand for vacation homes.Properties in the Hamptons attract affluent buyers and renters, offering a high potential for appreciation and steady rental income.he property may have been undervalued due to its condition, presenting an opportunity to add value through targeted renovations.

I didn't make any renovations as the property was already in good condition.

I strongly advise anyone purchasing an old house to flip to ensure they have a clear understanding of the condition of the home's drainage system.

Well maintained 80's property, vintage condition units.

I've never had to use hard money before, so I am not sure what type of conditions are reasonable.

I bought it in as is condition for under market price.How did you finance this deal?

I would say the condition and age of the property would have a lot of sway in your decision for whether or not it's worth it.

For flips, calculate the after-repair value (ARV) and subtract purchase, rehab, holding, and selling costs.Pay attention to location, rental demand, and the property’s condition.

Sellers who are in financial distress or dealing with a property in poor condition might be more open to this type of arrangement if it helps them get back on their feet.The key to making this work is transparency and clear communication.