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Updated about 5 years ago,
Potential Flip Deal...should I do it?
Hi all!
Looking for insight:
Would you do this deal:
4bed/1.5 bath
Purchase price: 75k
Rehab: 75k
ARV: 220k
Hard money 9% +3 points
Up front Out of pocket cost: 21k
Holding cost (6months): 11k
Net profit: 17k
ROI: 53%