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Updated over 7 years ago on . Most recent reply

User Stats

11
Posts
3
Votes
Tom Burks
  • Investor
  • Acworth, GA
3
Votes |
11
Posts

Anyone successfully buying at $20k rehabbing & selling @ $60-70k?

Tom Burks
  • Investor
  • Acworth, GA
Posted

Seems flipping at these low margins doesn't leave much on the bone. Are you doing low end rehabs? Most of what I am seeing is that the properties need at least a new roof, siding, and landscaping, not leaving much for interior work. I'm sure the numbers work for holding, but I'm not into the rental game at the moment.

Most Popular Reply

User Stats

577
Posts
240
Votes
Antoine Martel
  • Investor
  • Los Angeles, CA
240
Votes |
577
Posts
Antoine Martel
  • Investor
  • Los Angeles, CA
Replied

Tom. 

I do these all the time but do not flip them, instead I rent them out. It just makes more sense that way and you can reap the rewards for the long term. Just get a good property management company in place and continue doing them!

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