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Updated over 10 years ago,

Wes Brumit's profile image
Wes Brumit's profile image
Wes Brumit
  • Homeowner
  • from Longview, TX
  • Member since Jun 5, 2013
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131
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17
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Wes Brumit's profile image
Wes Brumit's profile image
Wes Brumit
  • Homeowner
  • from Longview, TX
  • Member since Jun 5, 2013
Connect
Wes Brumit
  • Homeowner
  • Longview, TX
17
Votes |
131
Posts
Buying & Selling Real Estate

section 8 tenant

Wes Brumit
  • Homeowner
  • Longview, TX
Posted

Have a lead on home that currently has a section 8 tenant. The tenant has been there 7 years, owner says not likely to leave. Rent is $600, he wants $32,000. If I should rehab ARV = $78,000, rehab=$17,500. Would you buy and keep the cash flow or rehab and raise rent or resell? Home is 1600 sqft.

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