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Updated about 3 years ago,
Good deal or Bad deal?
Hi Folks, What do you think about this deal?
3/1 BRRRR
Purchase: 155k
Closing Cost: 5k
Rehab: 15k (2 months time)
ARV: 220k Refinance at 175k
Rent: 1600 - 1700 / mo
The home would be funded with a conventional loan, which isn't ideal I know.