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Updated about 5 years ago,
House Rehab Return Value
If I find a foreclosed property for let’s say $25,000. I get a loan for $100,000 and put $25,000 in it to buy the house then I put in let’s say $35k to rehab it. What could the value of the house rise to ? What kind of numbers am I looking at ? Would it be better to rent out the property or rehab it then resell it for a higher bid ?