***jenn***


I am thinking of flipping a house, (I have never done this before) it’s not in shambles, just needs some updating. Built in late 1970’s, it was once a 3br house, but they knocked down 1 wall to make it a 2br with a large master br. So it would need a wall built for the 3rd br, new siding, new exterior doors, some interior paint, new countertops in 1 bath & kitchen, new vinyl floors in kit & 2 baths and new carpet in family room. No major construction needed (I don’t think). I can buy it for $150K in an area where avg home selling price is 250K and avg price in that specific neighborhood is $230K. How much money would you invest in this deal if you were to do it? And if you have done a deal like this before what are some tips/advice? Thanks all!!
this was an old lady’s house that she had not had the time or money to keep up with, she has moved out since she is getting sick and her family is just looking to sell it fast to get it gone. Being a 2 bedroom house in this area is a major detriment, since this is a family neighborhood and many will pass right up on a 2 bedroom house needing work.