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Updated almost 12 years ago,
Does this deal work better for fix or flip
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.