Updated about 10 years ago on . Most recent reply
First flip
Looking to purchase my first flip. Came across a condo inside of a community that's strictly for ages 55+. Investors however are allowed to purchase and resell, without residing in the unite. Here are some details to help with feedback:
Sq ft: 950
Bed: 2, Bath: 1
Unit type: 1 of 4 in a four-plex
Location: Southern California
Price is in the low 200's and negotiable. I would be paying cash. Last investor that picked up one of these condos remodeled the whole thing with about 80,000 and just sold it last week for 365,000. I might not go full blown remodel since it's my first but it is an option.
Any simple advice or feedback before taking the dive? What to look for when hiring an inspector? Etc... Any feedback is appreciated.
Thank you in advance