Marketing a flip before rennovations
Hello BP community,
I am closing on my first flip on Monday the 29th. Its been a roller coaster so far. Underwriter has been making us jump through hoops for past two weeks. Decided to go out and find an investor. Turns out we hit it off and they are ready to close with us on Monday. at 33% partner. There are a lot more details but I will discuss that in another post. I want to keep everyone updated on it. Here is what we are dealing with right now.
Purchase price- $126098
Rehab-$30
ARV-$249950 (list price)
First question I had- Has anyone experienced with marketing a flip before the work is done so the buyer can choose their materials? Figured it would be a good way to get the word out. However, our partner brought up a good point. Maybe its not a good idea to show a cat piss smelling beat up house before the rehab! I kind of agreed with her. That is a very good point.
Thanks for your time!