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Updated about 2 years ago on . Most recent reply

User Stats

31
Posts
26
Votes
Mwazomela Thurmond
  • Realtor
  • Newport News, VA
26
Votes |
31
Posts

Fix & Flip or BRRR or PASS

Mwazomela Thurmond
  • Realtor
  • Newport News, VA
Posted

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

Most Popular Reply

User Stats

5,083
Posts
4,060
Votes
Nicholas L.
#2 Starting Out Contributor
  • Flipper/Rehabber
  • Pittsburgh
4,060
Votes |
5,083
Posts
Nicholas L.
#2 Starting Out Contributor
  • Flipper/Rehabber
  • Pittsburgh
Replied

@Mwazomela Thurmond

can you post more comprehensive information?

  • Nicholas L.
  • Loading replies...