Painting

Its official we are under contract with our next flip property.

We are thrilled with our new property. As we go through all the steps I will update and supply pictures of the property. Last Sunday Tom and I made our final visit to the property before writing an offer to measure it, doing a inspection in the attic and in the crawl space. We also visited Home Depot to price the items that we will need to replace or repair. We wrote a competitive offer and submitted it to the listing agent. On Wednesday we got the good news- They accepted our offer!!

This coming week we will be requesting that the electricity be turned on we will be having our Well and Septic inspections. We will be finding out whether we will be using the Lenders Attorney or our own choice for an Attorney. And making our time line for repairs.

My next update will be on the results of the inspections.

 
This post has been included in North Carolina Information Wake County, NC Information
Post is included in group: North Carolina Real Estate
Post is included in group: Realtors®
Post is included in group: FIX AND FLIP IT

6 Comments on Our Next Flip

APR
23
2008
244,607 Points 5 Featured Posts Localism Sponsor Outside Blog
One thing about flipping that I have learned the hard way is that, make sure the attorney on the first close records the transaction. I have gone to the closing on the flip and our prior transaction has yet to be recorded.
5:24pm • #1
APR
25
2008
132,063 Points Outside Blog

I have never been into flipping, I have only bought and held.  I will keep an eye on your progress.

12:35am • #2
MAY
01
2008
I'm on my first flip and have been blogging the progress.  I'll try to repost it to this group for anyone who might like to check it out.  
11:32pm • #3
MAY
02
2008
excited for you and anxious to see the results. do you ever hold any?
11:26am • #4
JUN
27
2008

I did my first deal as an owner contract due to the lack of funding....I was very nervous, but took the plunge any way. I ended up using a partner to get all the down payment and repairs and now it is rented out for $1200.00 per month and up for sale for $184,900. Any one want to buy a home in Kelso, Washington?

1:40am • #5
JUL
30
2008
129,122 Points 3 Featured Posts

We have been flipping for several years  I just recently started posting video of our flips on Youtube it sure is an exciting business

Watch us Flip Local KC Homes!!

3:08pm • #6

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Debbie in Raleigh Your Real Estate Advantage

Raleigh, NC

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Coldwell Banker Advantage

Address: 3415 Rogers Road, Wake Forest, NC, 27587

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