Updated almost 10 years ago on . Most recent reply
Flip in St Augustine, SFH, 2/1.5
Trying to do a possible flip with a wholesaler as my first deal. Says he can purchase it for 100K, 25-30K in repairs with 150 ARV but prob sell for 140. I said he has to purchase it at 82K or I don't want in on it but I am having a hard time trying to figure out comps for area. I figured 6% commission, 2 months holding cost at 1K per month, 3K in closing costs.
Not sure if I should post the address here or not. Looking for some advice and direction on this but I am a skeptic at nature so I am sticking to my 82K mainly because I am going to be doing private money. All advice and finger wagging welcome :-)