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Updated about 5 years ago,

User Stats

116
Posts
29
Votes
Franky Juwana
  • NY
29
Votes |
116
Posts

The Best Strategy (Flip? Buy Hold? Seller Financing? )

Franky Juwana
  • NY
Posted

Hi My Biggerpocketers!

My partner and I just signed contract for the first house that we're going to fix up, here's the simple breakdown

Purchase price: 325k

Rehab: 30k-40k

ARV : 460-490k

Monthly Holding cost (Tax, insurance, Maintenance, no mortgage) : 1100

Rehab is 1 month, but if we flip and sell, I'd like to sell it around spring time so we could get as much profit during this time. So holding time around 4-5 months. 

The average rental in the area is $2600-$3100

We are still open for any suggestions, we could do BRRRR way, but not sure I want to be a landlord and is it worth paying a property manager?

I appreciate the help and any inputs.


FJ 

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