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Real Estate Deal Analysis & Advice

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Robert Sarno
  • Real Estate Investor
  • Palm Harbor, FL
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Good flip opportunity but homes next door are bad.

Robert Sarno
  • Real Estate Investor
  • Palm Harbor, FL
Posted May 18 2014, 09:52

Found a good house to flip but the house next door is in bad shape (vacant) and the house next to that is a Rental and the current tenants have a lot of junk in the driveway and on the side of the house. The rest of the neighborhood is good though. I am concerned these 2 houses will make it hard to sell and will result in a lower ARV. We are new and this would be our first flip. We are currently not considering this but want to know if we are being too conservative. Thoughts?

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