First Investment Property in Yuma
What do you guys think? this woudl be my first flip.
I have been researching for a flip property all year and finally stumbled into this one. Listing Price: 130,000 Offer submitted $90,000 CASH. Single family residnece, bad shape, Yuma, AZ. We are waiting to hear back from seller.
$208,000 - ARV
$100,000 - Purchase Price
$4,200 - selling consessions 1-2%
$12,200 - Agent selling fees 6%
$35,000 - rehab
$2000 - Carrying costs for 3 months
GROSS PROFIT OF $50,000 APPROXIMATELY
https://www.biggerpockets.com/analysis/flips/5e6486bf-f2f7-4...