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Real Estate Deal Analysis & Advice

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Henry Sims
  • Investor
  • Rutherfordton , NC
9
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24
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Diary of a new flippers, 1st flip, Chapel Hill NC

Henry Sims
  • Investor
  • Rutherfordton , NC
Posted Jul 1 2015, 05:19

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. 

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