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Real Estate Deal Analysis & Advice

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Carmon Lee Woodley
  • Investor
  • Niceville, FL
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My first house flip

Carmon Lee Woodley
  • Investor
  • Niceville, FL
Posted Dec 21 2015, 22:04

Daughter noticed foreclosure sign in window.  House was vacant and door was unlocked.  Looked house over and checked comps on county web page and called the POC.  Offered $62,000 for this 3/2, 1500 SF home & put in contract we would close on Dec 29th and we could work on it while awaiting closing.  Got cash for downpayment at bank from a credit card.  Put about $8,000 in it with wife, daughter, son-in-law and I doing all the work except carpeting 3 bedrooms.  Had 3 offers the first week of January and closed Jan 7th for $107,000.

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