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Updated about 9 years ago,
Should I keep it or flip it?
We just purchased a 3/2 single family home with an attached 1/1 guest house.Great area of single family homes. Ready to rent with 850.00 and 450.00 projected rents. We will pay water only.Home value would be around 100.00 sq foot after rehab we paid 110,000. Rehab would be around 20.000. No mortgage,but would like my cash back to cushion other flips.When will the banks finance me?.... Who knows?What would you do?