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Updated over 11 years ago on . Most recent reply

Maher Bateh's profile image
Maher Bateh's profile image
Maher Bateh
  • Investor
  • from Jacksonville, Florida
  • Member since Mar 11, 2013
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73
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Maher Bateh's profile image
Maher Bateh's profile image
Maher Bateh
  • Investor
  • from Jacksonville, Florida
  • Member since Mar 11, 2013
Connect
Maher Bateh
  • Investor
  • Jacksonville, FL
2
Votes |
73
Posts
Rehabbing & House Flipping

Plan B

Maher Bateh
  • Investor
  • Jacksonville, FL
Posted

I bought my first home to rehab and flip. Below are the Numbers.

Purchase price - 49k

Rehab cost - 46K

ARV - 126k

I paid cash for the house and all rehab costs. If I decided to not flip and possibly rent out, would it be a wise decision if I could get $1100-1200 per month? The house has been on the market for 2 months and a few bites but no sale. Am I being impatient or is renting it out a decent option based on the numbers given?

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