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Feedback for a property
Hi guys working with my client over a property they have under contract in Nashville (LaVergne Area) that is a 3 BR/ 2 BA (1,500 sq ft) with an attached 1/1 (600 sq ft) apartment (not separately metered). Purchase price is 235k with a potential ARV 500k. Rental rates are approximately $1800 for the 3/2 and $1100 for the 1/1. Property needs a full rehab and my client is trying to decide whether or not renting it or flipping it makes more sense. If this were your property what would you do? Appreciate any feedback on the route my client should take!