Updated about 14 years ago on . Most recent reply
I am about to Rehab my first Short sale, Any advice for me??
I am in contract to purchase my first short sale with hard money. The short is approved for 125K the ARV is 260k. Repair costs are going to be no more than 30k the house just needs to be updated , maybe a new roof. In total we Calculated the expenses to be 65k (190k in total). We intend to sell the house for at least 240k so the buyer walks into the house with equity as well. Any words you would like to share, please do. thanks