Updated over 6 years ago on . Most recent reply

Help me understand this flip? Buy/sell margin was very slim
I'm looking for my first flip, and ran across a neighborhood I like with a foreclosure scheduled for February. Using MLS, I scouted other homes on same street. I ran across this one and can't determine whether it was or was not a flip. The buy/sell margin was very thin AND according to realtor's remarks included full renovation. The MLS says the owner had an unexpected relocation, which may have been true - because the the time it was owned was 6 months. On the other hand, it was purchased as a foreclosure
Bought as a foreclosure for $205K in February 2018.
Sold for $219,900 in August 2018.
Appears to have been professionally staged
New paint, carpet & vinyl plank flooring.
Granite counter tops which are not at all the norm for the neighborhood. Seems these must have been in the house when purchased last.
White cabinets - golden oak being the neighborhood standard
New stainless steel kitchen appliances
High-end backsplash tile
So - I'd like some input/opinions from experienced investors. What's your gut feeling? Flip or unexpected move?
Most Popular Reply

Occam's razor the simplest solution is the one they told you which is an unexpected move. It is possible they were planning on a live in flip though