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Updated about 10 years ago, 11/03/2014
Opportunity for a rehab, to hold and rent or flip after rehab?
I have a opportunity to purchase a two unit home for 10-20k. This would be my first project that is real estate related. The average comps give me a 100k sale price give or take and each unit can be rented for $850-$1000 per unit. The rehab cost will be 40-60k because there was a fire in one of the units and that is why it is such a deal.
I'm wondering if I should hold on to this property after it is fixed up or sell it?
Also for financing, it is better to go with a hard money lender loan (ideal for a flip) or get a partner for this flip?
A good source or guideline when making a REI presentation to a investor?
Thanks in advance!