My First Flip! Advice Please
Hello Everyone
I am new to Real Estate Investing. Let me tell you about my first flip. I got this house under contract for 12K. Its a good area. Well for a house this cheap there must be something wrong with it right? Well their is and alot. First off it has a good flat roof. The electrical has been stripped completely it needs brand new electrical. It needs Air Conditioning. Tile all across the house expect the rooms. New Windows their old and broken. Kitchen needs work also.
Now for the home.
1500 sq ft 3 beedrooms 2 bathrooms
it also has a small 1 bedroom and bathroom in the back so its two homes in one.
So its going to be a huge project.
How can I find out how much I can sell the house after its fixed?