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Updated over 5 years ago on . Most recent reply

User Stats

32
Posts
3
Votes
Justin Tippens
  • Rental Property Investor
  • Hollywood, Fl
3
Votes |
32
Posts

$70K buy and hold...need help

Justin Tippens
  • Rental Property Investor
  • Hollywood, Fl
Posted

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? 

Most Popular Reply

User Stats

113
Posts
133
Votes
Cole Raiford
  • Rental Property Investor
  • Gulfport, MS
133
Votes |
113
Posts
Cole Raiford
  • Rental Property Investor
  • Gulfport, MS
Replied

@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.

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