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Updated over 8 years ago on . Most recent reply

Account Closed
  • Investor
  • Columbus, OH
1
Votes |
3
Posts

Advice -Sell or Hold this flip - ?

Account Closed
  • Investor
  • Columbus, OH
Posted

I relaize this is not perfect set of information  - I just want to know at first glance if this is a sell or a hold for investors here  - OK I will be as Brief as possible  - please forgive any mistakes in this post - It's my first one here

  • Deal Structure / Scenario (43235 zip)
    • Purchased  for 220 K + 80 K rehab / cash deal
    • 4 months into it - Property is ready  will list for 389
    • Market is hot  - will sell quickly most likely 
    • Short Term Cap gains at 20% + 6% commission 
    • Can refi for 389 amount with 30% down in 2 months
    • Holding costs are about 1 K per month
    • Rents for 2500- 3K per month 
    • Slight apprecaition in hold scenario possible as we are aalready at the top of the neighborhood.

Question for me is to hold or sell   ?  My inital thought is to sell and move on to the next .

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