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Real Estate Deal Analysis & Advice

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Johnathan Osborne
  • Asheville NC, NC
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Run from or Run to?

Johnathan Osborne
  • Asheville NC, NC
Posted Feb 7 2016, 20:27

I have never flipped a property but have been driving for dollars and I have found this potential flip.  My short term goals are to flip with long term buy and hold.  Here is a potential deal and would like some advice on rehab cost. 

ARV I think would be in the 200k range. House was built in 60s seem to be structurally sound but needs lots of cosmetic/updates. I think I could buy for around 90k. Here are a few pictures. 3/2, 1850 sq feet, well and septic. Water and power were on did not see any plumbing issues, foundation, or roofing( in attic) issues. It will need total kitchen, flooring, landscaping, garage doors, maybe new vinyl siding etc.

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