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Updated over 10 years ago,

User Stats

47
Posts
6
Votes
Angel Dejesus
  • Businessmen
  • Boston, MA
6
Votes |
47
Posts

Fix and flip rent or wholesale

Angel Dejesus
  • Businessmen
  • Boston, MA
Posted

I'm trying to figure out if I should flip or rent or whole sale. My mind is saying flip or whole selling. Long story short. It's a 2 1 condo that I bought as a short sale. I have an opportunity fix and flip. I want to buy the second unit wich is a 3 1. I don't want to use any of my own money. So I don't know what strategy to use

Thanks for using the monthly payment calculator on the Zillow iPhone app.

Total Monthly Payment: $500

Principal and interest: $339/mo

Taxes: $94/mo

Insurance (homeowners and mortgage): $67/mo

Assumptions

Home price: $100,000

Down payment: $30,000 (30%%)

Interest rate: 4.128%

Property taxes: $94/mo

Homeowners insurance: $67/mo

Mortgage insurance: $0/mo

Loan term: 30 Years

Hoa: $175

Rents for about $1200

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