If you’re going to flip a house, the critical final step is the landing. No amount of aerial grace will overcome faltering missteps at the end.
We bought the house on August 29. We spent 5 weeks and ~$5,500 working on the rehab. We put the house back on the market on October 10 and on October 20, 2011 we received an offer (full asking price). We’re working out the details, but this is definitely looking like a very positive first experience with flipping a house.
Because of HUD regulations, we are required to hold the house at least 90 days, so the closing is scheduled for November 30. There is still room for error, so I’ll not quite call this landing nailed. But, I’m hopeful that the next update will be the final score, posted on 11/30.