Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago,

User Stats

9
Posts
1
Votes
Andrew Pensch
1
Votes |
9
Posts

What would you do if you were in this situation?

Andrew Pensch
Posted

Hello everyone,

I recently purchased a property in Vero Beach, FL for $129,700. The neighbors across the street want to buy the property from me as-is for $145,000 for their parents. 

The house is a 2006 and just needs some updating and new appliances (Est. $12k-$15k to fix). ARV after running multiple comps have me sitting at around $175k - $185k.

Selling cost for this would sit around $17,000 which would only leave us profit of $18,000 - $23,000 if we decided to rehab and flip

Profit for quick flip: $10,000

Profit for rehab and flip: $18,000 - $23,000

If you guys were in this situation what would you do? Would you take the quick buck and flip it as is with no realtor fees, or would you spend a couple months rehabbing the property to potentially flip for a slightly bigger profit?

Loading replies...