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Updated about 8 years ago,

User Stats

44
Posts
12
Votes
Rob Z.
  • Investor
  • Chula Vista, CA
12
Votes |
44
Posts

Inherited home, fix up and sell or let it go as is?

Rob Z.
  • Investor
  • Chula Vista, CA
Posted

Hey everyone looking to get some insight on this property my better half and I came into, heres the situation:

Home is getting bites from 150k to 220k but that's in the "as is" state that its in. The more we dive into the property the more little things are popping up, we don't mind doing the work but we don't have a team yet for renovations and its about an hour and a half from us, we both have full time jobs,kids etc. We feel comfortable putting 20-30k into house and feel confident that we could sell for 260-275 range based on comps and the fact that this is a remote area where properties don't pop up much.  

Question is, would the juice be worth the squeeze for that 20-30k profit after taxes fees etc are all put into play? We haven't lived in the house, we don't plan on staying there for two years we just want to get the best bang for the buck. Lengthy post I know, but I would appreciate any advice out there. Thanks in advance.

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