All Forum Posts by: Regina Jones

@Cory J Anderson Thank you.

I have a deal of Interest. The realtor informed me that there are about $14,000 worth of liens on the property. Should I proceed?

I'm ready to purchase my first flip. I found a place that had water damage from the pipes bursting in the winter. The whole first floor is gutted down to the studs, all walls and floors. Second floor need some Renovations but not major. The electrical and plumbing is completed. The two bathrooms have not been touched they are in good condition. I need to know if this deal is too big for a first-time flipper?

I'm ready to purchase my first flip. I found a place that had water damage from the pipes bursting in the winter. The whole first floor is gutted down to the studs, all walls and floors. Second floor need some Renovations but not major. The electrical and plumbing is completed. The two bathrooms have not been touched they are in good condition. I need to know if this deal is too big for a first-time flipper?

Thanks everyone at BiggerPockets for all your assistance. I put an offer in on my first flip & fix. I will keep you posted on my progression.

I currently have two contractors.  I'm going to bring them in to go over each item that I would like to have done so that I can lock in a figure for the rehab cost.

@ Brian Pulaski

3000 sq ft

Full kitchen,

two and a half baths 

flooring for the whole

   Carpet and hard wood

some electrical and recessed lighting 

maybe a new furnace

 three windows

painting and trim

Estimate 40k 

@Todd Dexheimer thank for that information.

45k would be the profit margin.

It is almost a total rehab.