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Updated over 8 years ago,
Pay more to buy and hold?
Hey Everyone!
So I'm new to real estate and have a question. I'm looking to flip but am certainly open to buy and hold/rent. To me it seems that when looking at a foreclosure that it makes sense to pay a little more if the plan is to buy and hold instead of flip.
Just throwing numbers out here. For example if a house after repair value is 200k. Knowing the rehab cost lets say I would need to get the home at 110k to make sense to flip it. However, if I want to buy and hold it may make sense to pay up to 135k.
Would you agree to this approach? If so how much higher would it make sense to pay if you're going to buy and hold.