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!!
2006-09-10
10:12:46
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7 answers
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asked by
***jenn***
2
in
Decorating & Remodeling