Updated over 14 years ago on . Most recent reply
My first flip is UNDER CONTRCT
22 days on the market.
I bOught it for $31k. I put $6k as down payment
Used HML and got a 10k construction loan from HM lender. I owe the HML 37,500.
I have an extra 3 or 4 in it.
Listed it for $100k, ten days later lowered it to $94,900. At both listing prices I offered to pay $3500 in closing cost.
Offer was $94,000 and I am paying $3,500 in closing. She asked for additional shelving in the laundry room and a new peep hole. Think I can do that.
Profit should be $40+
I am very pleased.
:lol: buyer is pre approved for loan and grant money