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Updated almost 7 years ago,
Cash Property question
Cash Flow property question:
Seller has a property listed for $39,000. I saw the property, and estimated $65k in repairs. This wouldn't work as a flip, but what about as a cash flow property.
3/1
ARV - $72k
Repairs - $65k
Monthly rent $950 - $1000
Seller is willing to go as low as $25k because I stated due to the repairs that $39k doesn't make sense.
I was at less than $5k because it's in terrible condition.
Does it makes sense as a Fix 'n Hold?
How do I approach seller financing topic that includes PP and repairs?