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Posted about 10 years ago

Closer to closing first deal

Hey all-

So the first prospective deal turned out to be a little to thin, so we kept on looking. We now have found a second deal for a fix and flip. The listing price is $90K with an ARV of $160K. With a tight repair estimate of $30K there is a little more wiggle room to start negotiating a purchase price. We have decided to keep it under $80K otherwise we will just walk away from the deal.

I'll write a more comprehensive summary of the deal once we have negotiated a purchase price and have an offer accepted.

Cheers!


Comments (1)

  1. Glad to see you moving forward John. Looking forward to seeing your progress!