Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

127
Posts
39
Votes
Richard Bradshaw
  • Investor
  • St Petersburg, FL
39
Votes |
127
Posts

Rent now, Sell Later - How much should I spend on initial Rehab?

Richard Bradshaw
  • Investor
  • St Petersburg, FL
Posted

I have a property under contract. It is a Hud property that I can't sell for a year. I plan on renting it out for a couple years then selling. 

Purchasing for $60k

Rehab - $25K

ARV - $130K+

Rent - $1400 

Taxes - $3400/yr

So this property will cash flow beautifully so I may never sell, but depending on my financial position in the next couple years I may sell to pursue other ventures I plan on pursuing. 

Should I put less into the rehab now, to assure the house doesn't get trashed and update later? Or should I spend the money to make it flip ready? If I spend the money it will also cash flow $200+ more/mo ($1200 rent with basic rehab / $14-15,000 with great rehab). 

Thank everyone! 

Loading replies...