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Updated over 4 years ago on . Most recent reply

User Stats

8
Posts
1
Votes
Kurt Toth
  • Rental Property Investor
  • Mercer, PA
1
Votes |
8
Posts

Should I sell a home I just bought

Kurt Toth
  • Rental Property Investor
  • Mercer, PA
Posted

I just bought a home in an estate sale for 18k through a private seller. It is 3 bed 1 bath with central air. Fair market value of the home after minimal rehab would be roughly 35k. Should I rehab and try to sell or should I rent it for a few years then sell it if my annual appreciation goes up accordingly?

Most Popular Reply

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8,377
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4,379
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Colleen F.
  • Investor
  • Narragansett, RI
4,379
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8,377
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Colleen F.
  • Investor
  • Narragansett, RI
Replied

You might sell and do rent to own, mortgages that low may be hard to come by. At that price what kind of area is it in?  Very rural?  what are rents in the area?

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