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Updated almost 7 years ago,

User Stats

3
Posts
0
Votes
Tonya Jones
  • Investor
  • Stone Mountain, GA
0
Votes |
3
Posts

Cash Property question

Tonya Jones
  • Investor
  • Stone Mountain, GA
Posted

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?

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