Updated almost 10 years ago on . Most recent reply
Rules of thumb. 70%-repairs etc
So I understand the idea behind buying flips 70%-repairs.
But, I came across a deal that is maybe 75% of comps and needs nearly no repairs. So repairs will take a couple days at most and we can list right away. Is this still something you would go after? Or is the 30% necessary for possible issues etc. This is an all cash deal so no holding cost issues. Buy and hold it until we get our price. Buy for 85k, list for 109k. 2 close comps sold at 114k within last 4 months.