BRRRR and hold, wholesale, fix and flip?

[Zapata Tate]

I'm looking at a couple of BRRRR and hold properties in an area where most people rent. These are small houses on about 0.25 acres each. 6 to 8k purchase for one. Its a 3/1 with 1100, or so, square feet. 25k in repairs(padded). 650 in rent. HOLD OR WHOLESALE OR LEAVE IT BE? This place is currently held by some old school, maw and paw investor type landlords who gave me the tax value on the properties. Does this look like a good deal?

[Bronson Massas]

@Zapata Tate Yes, high level overview, it looks like a good deal. If the repairs end up increasing the value drastically, you can always flip. But this also looks like it would work as a long term hold... from my very quick mental math based on the property value, monthly interest, taxes and insurance couldn't be more than ~$350, so the property would cash flow very well

[Zapata Tate]

@Bronson Massas Thank you. They started working on the main place. All of the windows are removed, sheetrock removed from interior walls, it has been rewired. Part of the demo is done. My contractor said 20k for refurbishing, I think more. Their are manufacturing companies there and Freightliner just built a second plant. The BP calculator said about 350 cash flow. I don't want to try and force a deal, but this one looks legit.

[Bronson Massas]

I think 350 cash flow sounds very reasonable. Looks like a good deal to me, go for it!

[Zapata Tate]

@Bronson Massas Copy that. Thanks again.