Diary of my 4th flip
So I am going to jump on the diary band wagon and document my 4th flip. This is my third of this year and 1 last year.
Just got word from my agent that the bank has accepted my offer. Just waiting for the documents to sign right now.
Purchase Price: $120,000
Estimated Rehab:$20,509 This is my rough estimate based off my previous flips I will do my final estimate and budget during the inspection period.
Estimated FARV: $179,900
2800 sqft
4 bed 3 bath
Two of the bedrooms are master suites
Expected to be a light rehab with just paint, floor coverings, countertops,etc. My only concern right now is the previous contract with an owner occupant fell through due to the inspector saying " there are no ducts in the walls". This caused the lender backed out. This is a new one to me so I will just have to get in there and see what he was talking about.
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Far from being annoying, this is one of the most entertaining thread I have read recently. When it looked like the deal was falling through I was quite disappointed. I was happy when it was resurrected.
This could be an episode of a TV show on HGTV, complete with the built-in plot complication.