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Updated over 5 years ago on . Most recent reply
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$70K buy and hold...need help
Any advice on acquiring a potential buy and hold in TN, listed at $70K, rehabbed and currently rented at $775/Mo. What are some potential creative ways to get the property without conventional loan?
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@Guifre Mora you calculate ROI with net cash flow, not gross cash flow. At $775 rent and $70K this house isn't going to net much of anything and the return will be in the low single digits. Wouldn't touch this house personally.