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Updated about 9 years ago on . Most recent reply
New investor found first investment ya or nay?
New investor saved up enough to barely get my first purchase, a forclosure for 21g resale value at 97g. I have free help on the remodel except for a contractor on plumbing and electrical. Should I just go for it if the inspection is clear and the numbers all fit? Thanks it'd be my first deal and I'm still hesitant on pulling the trigger on deals.
Most Popular Reply
Sure. Go for it if the numbers fit @Account Closed. If you want folks here on BP to analyze the deal we need to know more. What is "more"? Here is a list:
1) purchase price: $21k
2) ARV: $97k
3) Rehab costs:
4) Holding costs:
5) Closing costs:
6) Expected time from purchase, to rehab complete, to sale (settlement)?
7) [if you care to include] what will the rehab include?
Thanks and good luck if you proceed.