I am interested in this property as a flip and rent. it is currently under an assignment contract and I am in the process of assessing my cost before I make an offer.
This will be my first buy and flip and I want a livable house with great workmanship. I want this house to be practical but also nice. It is a 2 bedroom 1 bathroom house, approximately 1206 SqFt. and sits on a 5,576 SqFt. Lot, it was built in 1920. This exterior of the house is siding (alum/vinyl), composite shingle roof, open porch, and the house is in a fair condition.
The house would need new drywall, new wood flooring or floorboards if the existing wood can be saved, new kitchen cabinets, new bathroom fixtures, power wash and paint the outside, a fence to enclose the backyard, new driveway laid, new windows. I have ...