Seller took my offer and we are in contract

3 Replies

Ok this may take a bit of work but ARV looks good.

Contract Price: $354. Should close in late March
Estimated repair: $30-40K (Kitchen, two baths, paint, flooring and minor roof repair)- I have a cushion of around $10K
Rehab time: 2-3 months
ARV $490-510.

4/2 1600 sq ft in Livermore, CA . Hopefully the market stays hot into spring and summer.

This will be my first pre-2000 built flip so it will be a good learning for me as I am trying to expand. With a full time job this will be interesting.

David Manin, it looks like a decent flip. There are some areas in Livermore that don't get the same value as South Side. Springtown and Old North side, the values for the same sqft are about $450. However, with inventories this low you can always push value a little bit. Is this a short sale? you mentioned seller accepted offer?

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