All Forum Posts by: Max Jiampetti

I have a great lead, at a great price, free and clear ready to close. The only obstacle is they need a Friday the 23rd closing (6 days from today). Does anyone have any experience with very short closings? Are flippers willing to take on deals like this? Thanks in advance for your input.

@Andy Sabisch Thank you for taking the time to reply, I appreciate your input, this property is in Wilmington. The $275/ft ARV comes from similar sold homes in the neighborhood, within the last 6 months, under 1000 sqft with no special features like garage, pool, large patio, etc. The reason for my post is because I'm curious what strategies other investors would consider in this situation, and why. Wilmington is both a great rental and flip market with new construction popping up everywhere.

Hi everyone, I'm working a lead that's a 2 bed / 1 bath / 634 ft home on a 2000 ft lot, so not much room to work with however, she owns the adjacent lot which is also 2000 sq ft and vacant. She is asking 106k for the home and would want "a lot more" than 106k to include the second lot in a package deal.

Ms. Owner says it's a complete gut job. New roof, windows, siding, HVAC, insulation, etc. I see 3 options here:

1) Fix and flip the current home

2) Demo and rebuild a slightly bigger home (800-1000 ft)

3) Rehab and add-on to the current home

Here's my question - assuming a $275 per square foot ARV, whats the best course of action? And whichever choice you think is best, whats your buy price? (A vague estimate is much appreciated)

Thank you in advance,

Max