Situation:

These flippers are keeping it in the family; one of the borrowers will manage the project, his wife and co-borrower will take care of accounting, his father will be the general contractor, and his mother is a real estate agent who found and will sell the property. The couple did one other flip in the past year and will continue to grow their investing experience with this Connecticut 4 bed, 2.5 bath. The property requires significant work and permits for construction, electric, and plumbing, but all their efforts will pay off with an estimated after repair value of $302k.