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Updated almost 12 years ago,

User Stats

11
Posts
0
Votes
Richard Thomas
  • SFR Investor
  • Dallas, TX
0
Votes |
11
Posts

Does this deal work better for fix or flip

Richard Thomas
  • SFR Investor
  • Dallas, TX
Posted

Got a property under contract and here are the details:
Contract price $162,200
ARV $260,000
Repairs $20-25k, still trying to finalize this
Prospective rent $2000-2200, still trying to nail this down. Realtor suggests $2,395 and put negotiable

Thanks for the guidance! This is my first deal. Goal is to have a buy and hold strategy over the long haul.

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