Avg size lot in Stonebridge is lot smaller than 20k sf. Probably closer to 10- 12k sf.
To make money by flipping, one has to use cash. That way cost of loan is saved, not to mention the long time it takes to get the loan done. That’s my point “IF I had capital…”. Having a RE agent partner is another must.
At right price, house may get sold in 3 months in Stonebridge when the inventory is low (like now)
A great case study is a house across this one: 13198 Downing Lane, 92131. It was bought in foreclosure ~5 months back, fixed and put in market. It’s contingent now. Depending on the sale price the flipper may make $50k+
