First Live-In Flip Complete!

[Raven Parmer]

Well, after 3.5 years, we have listed our first property! It was a live-in flip. Our goal was 2 years, and we almost doubled it... We did have a baby in the process, we did 90% of the work ourselves, and we learned as we went. We purchased for $170K, put about $35K into it and are listing at $285K. We are hoping for a quick sale. After photos below (some seem to be coming in at weird sizes, so apologies if it looks funny). We should be closing on our next deal in the coming weeks. Can't wait to get started!

[Steve Babiak]

Originally posted by @Raven Parmer:

... We have some concern about the house appraising, so we felt no need to try to get any more than what we asked for.

...

You have to be proactive when it comes to the appraisal when circumstances appear to indicate that the appraisal might come in too low; hopefully for you there is no seller assist being requested by your buyer. Some further reading to get the property to appraise high:

https://www.biggerpockets.com/forums/311/topics/55307-controlling-your-appraisals

https://www.biggerpockets.com/forums/67/topics/81768-how-does-an-appraisal-get-above-comps?page=1#p492583

https://www.biggerpockets.com/forums/311/topics/346031-appraisal-fell-short

https://www.biggerpockets.com/forums/48/topics/320942-brrrr---low-appraisals