Hold and rent or flip quick

[Kristian Chirelli]

I'm in contract right now on a condo that I bought for 124000 and they pay title. It needs about 8000 worth of repairs. It was appraised for 140000 as is and 159000 arv. Cash flow of 250 with an average unocc in the area of 5%. Its also in a desirable area. I only put 15% down loan amount 105000. I was told to just sell it and make some money and look for the a diffrent rental. Houses in this area are typically sold in less than 2 weeks. So I may never even make a payment before its sold