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Updated almost 2 years ago,
Fix & Flip or BRRR or PASS
I went to preview a property and the asking price was more than expected. The stairs need to be completely redone and it's not possible to do a electric chair lift. It has a 1st floor primary bedroom and a owner's bathroom that needs to be gutted. And landscaping needs attention. The rent from that home because it's within 10 minutes to downtown would work in about 4 years or so but the profit margin now so low if I offered anywhere close to asking, I'd be loosing money.
Would you buy this home as a Fix and Flip or BRRR or keep looking and why?
- Mwazomela Thurmond