Updated almost 8 years ago on . Most recent reply

first flip Glen Allen Va
I am looking for my first deal, and a way to increase cash buying power. The funds available is $50,ooo I would be borrowing from a 401k. I would like to know what price range I should be looking at for rehab and flip. Please help with any suggestions.
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I am a Realtor (and investor) in Richmond and have 3 or 4 under contract in Eastern Henrico for an investor client of mine who will flip them. They were all purchased between $40,000 and $65,000. Will have ARV's of $120,000 to $140,000.