I'll be honest, I don't think this house was worth buying $301K for because it needs a lot of updating and modernizing. Especially if you want to sell this house for $415K+. As a buyer, I don't think it is worth buying $415K for that size of a house, unless you modernize it a lot. But, who knows, maybe I shouldn't speak to soon on the skill and vision you have on this flip. Other than that, I wish you good luck and I hope you really suprise on this.
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The key to real estate is understanding your market. Every market is different and has different values.
@investfourmore oh yeah my bad you are right, didn't take that into consideration
Good response. Real estate is local. Wish the national media made that point more.