From Purchase to Flip Day One

This is a 3/2 property that was purchased from the MLS at a price of $89,000. Property is a 3 bed 2 bath 1400 sq ft Single Family Residence.

Closed on property on Wednesday, started the demo on Thursday, and above are some pictures of the property today. We are currently expected to spend $22,000 on the rehab which includes new kitchen, new furnace, some new windows, carpet, paint etc.

Current comparable sales are in the $150-$165k range.