will you consider to invest to flip a frame house in florida ?

will you consider to invest to flip a frame house in florida ?

Investor, flipper Boynton Beach, FL · Member since 2015 · 23 posts · 3 votes

hi, some info,

built in 1970,

great schools, best zip code in jupiter  area, 

the comps are good but just to know the exterior wall is frame scares the hell out of me , i just think about termites... I have rehab 5 houses but all of them were cbs construction then  no experience with frame or wood siding. the interior walls are plaster. do you have an idea about possible issues and their cost thanks. single family , 3/2, around 210k purchase price . arv around 280 . thanks 

0Reply
23 views

2 Replies

Jump to latestLatest
  • Real Estate Broker · Naples, FL · Member since 2013 · 9k+ posts · 6k+ votes
    9y

    I have seen CBS with termites...so CBS is no guarantee. If you intend to purchase the property get a property inspection and termite inspection. Have inspection clause in your purchase agreement in the event there is trouble you can cancel the purchase. 

  • Real Estate Agent · Indialantic, FL · Member since 2014 · 182 posts · 80 votes
    9y

    I have seen termites in CBS homes too.  The frame home is worth less in our area than CBS.  It will also eliminate some buyers.  We flipped a frame home & it sold quickly for near top of the market a couple years back in Florida.  Good luck!

Join the conversationCreate a free account to reply, vote on answers and follow this thread.