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Updated about 13 years ago on . Most recent reply

Kyle Meyers's profile image
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Kyle Meyers
  • Residential Landlord
  • from Indianapolis, Indiana
  • Member since Oct 26, 2010
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Kyle Meyers's profile image
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Kyle Meyers
  • Residential Landlord
  • from Indianapolis, Indiana
  • Member since Oct 26, 2010
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Kyle Meyers
  • Residential Landlord
  • Indianapolis, IN
138
Votes |
592
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General Real Estate Investing

What should I do with this property?

Kyle Meyers
  • Residential Landlord
  • Indianapolis, IN
Posted

I got a property from a tax sale for under $2,000 all in. It needs a lot of work, about $33,000. The ARV is about $45,000 and market rent would be $625.

If this was your property would you:

1. Rehab and rent it out
2. Rehab and sell
3. Sell without rehab
4. Other option I haven't thought of yet

Thanks for the help.

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Steve Babiak
  • Real Estate Investor
  • from Audubon, Pennsylvania
  • Member since Apr 13, 2009
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Steve Babiak's profile image
Steve Babiak's profile image
Steve Babiak
  • Real Estate Investor
  • from Audubon, Pennsylvania
  • Member since Apr 13, 2009
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

Sounds almost like a NEFF (not even for free) property ...
Now you know why they didn't bother with redeeming the property.

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