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Updated about 1 year ago on .

Account Closed
0
Votes |
5
Posts

Fix and Hold Mid Term Furnished Rental

Account Closed
Posted

Investment Info:

Condo fix & flip investment.

Purchase price: $1,250,000

Just picked this one up. ARV $1.5M but DSCR is 1.2% after $625k cash down in a Tourist Destination with an unobstructed Ocean View. Plan to flip then refi to DSCR and rent as a furnished mid term rental.