Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

16
Posts
3
Votes
Pafoua Vang Xiong
3
Votes |
16
Posts

What would you do???

Pafoua Vang Xiong
Posted

Need advice please 

$200k purchase

Need some but not a lot of  rehab

ARV $320k ish for the area because the falling market but it hasn't fallen but this number is just to be safe on the ‘low, high' end

SWFLorida

WOULD /SHOULD AN INVESTOR DO THIS DEAL?

advice/advise please 

  • Pafoua Vang Xiong
  • Most Popular Reply

    User Stats

    4,135
    Posts
    3,812
    Votes
    Jaron Walling
    • Rental Property Investor
    • Indianapolis, IN
    3,812
    Votes |
    4,135
    Posts
    Jaron Walling
    • Rental Property Investor
    • Indianapolis, IN
    Replied

    @Pafoua Vang Xiong From a quick numbers prospective this could be a grandslam flip but from an experienced investor prospective I question your numbers. "need some but not a lot of rehab" - that doesn't instill confidence in a rehab budget or factor for surprises. Unless you know the project specifics already I'd be getting quotes to back up the rehab budget. Florida is hot, literally, so I wouldn't pass up an opportunity with a spread that big. The markets will heat up again in the spring and it will be gone.  

    Loading replies...