First real flip
I am closing on a property I just bought in 2 weeks. It is a old SF that was converted into a dumpy duplex and I will turn it back into a single. I believe that is where the money is in this area. Its was REO and I paid 48,000 for it and it is in a 110,000 area. The rehab estimate from the GC is at 43,000. I know this puts the numbers very thin. I was thinking of trying to knock around 10-15,000 off by getting with the GC and doing some of the work my self. There is no doubt that I can do the work but it will extend my hold time by a month for sure. How does my plan sound.