Rehabbing & House Flipping

User Stats

10
Posts
3
Votes
Austin Latty
  • Elizabeth City, NC
3
Votes |
10
Posts

Input on a potential flip

Austin Latty
  • Elizabeth City, NC
Posted Jan 16 2022, 15:23

Hello folks,

I would like input on a potential property to flip. I came across it from a wholesaler. The asking price is 56k, and the ARV is between 120-130k. Ive had a GC take a look, and seems like 20k rehab cost (mainly cosmetic/updating). Minus the commissions/closing costs it seems I can make 40k or so. Am I missing anything here or does this sound like a good deal?

Loading replies...