Real Estate Investing Tip – STAY AWAY! This property could be a new flipper’s nightmare. This property had an old crusty air conditioner, old siding, old roof, old windows, old doors, potential illegal addition to the property, needed Landscaping in the worst way, and I haven’t even got to the inside of the home yet. New fix and flippers should beware of cheap properties that sometimes can be the most expensive to renovate. It is cheap for a reason. If the ARV (After Repaired Value) is low based on comps in the area, then the repairs may be too costly to make with no potential money made on the deal! Live your life in the moment with no regrets. Believe and Achieve! – Joe Jurek.
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