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Updated about 12 years ago on . Most recent reply

User Stats

46
Posts
1
Votes
Landon S.
  • Involved In Real Estate
  • Lexington, KY
1
Votes |
46
Posts

Good deal for 2nd Flip?

Landon S.
  • Involved In Real Estate
  • Lexington, KY
Posted

I need some advice to keep me grounded. I truly think this property has potential. I have had comps run (similar houses selling for 105-115K) and have a relator ready to write up a contract if the house turns out to have no major structural issues. I have budgeted 20K in repairs and have a 6 month hold built into my financing costs.

I can share more info if anyone wants it, but am looking for experienced flippers' advice on how to vet a property through online outlets/common information given on sites such as Zillow/Trulia/MLS without driving to take my contractor to the property if its going to be a waste of time.

Hoping to get feedback so I can take the next step.

-Thanks-

http://www.zillow.com/homedetails/646-Laura-Dr-Winchester-KY-40391/115270603_zpid/

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