So, I have the finalized contract on the new flip property. Closing is done on the last one (yay!!!).
Since there was a broken pipe in this new house, I went in and cleaned up some surface mold before the appraisal. I am going with traditional financing on this one as well. 7.85% interest rate, can't get that with hard money.
I can't wait until I am able to pay all cash for houses.
Looking into different counter tops, there are some local granite fabricators, so I might be able to get a better price on granite than on Corian. Will have to see. The counters will all depend on how much the pipe repair is going to cost.
Showing posts with label flipper. Show all posts
Showing posts with label flipper. Show all posts
Thursday, October 18, 2007
Wednesday, September 26, 2007
Possible flip candidate
Got a request for mortgage payoff for next week on my current flip. Looks like the buyers might close early after all - here's hoping!
Looked at a cute, cute house today that would really be mostly light cosmetics.

It has 2 large bedrooms, and had been recently updated. It appears that there was a broken pipe in the bathroom (probably freeze damage), and you can see in the kitchen picture - the beam area of the ceiling shows the damage. The bath pipes go through area this to the main waste line. That looks to be the only big issue. The rest is paint and new kitchen countertop, flooring and light fixtures. If comps work out, might go for this one!



Looked at a cute, cute house today that would really be mostly light cosmetics.
It has 2 large bedrooms, and had been recently updated. It appears that there was a broken pipe in the bathroom (probably freeze damage), and you can see in the kitchen picture - the beam area of the ceiling shows the damage. The bath pipes go through area this to the main waste line. That looks to be the only big issue. The rest is paint and new kitchen countertop, flooring and light fixtures. If comps work out, might go for this one!
Subscribe to:
Posts (Atom)