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Updated almost 10 years ago on . Most recent reply

User Stats

120
Posts
56
Votes
Amine E.
  • Investor
  • Edmond, OK
56
Votes |
120
Posts

Please help me rank exit options A, B and C by order of ROI.

Amine E.
  • Investor
  • Edmond, OK
Posted

Hello BP'ers,

Please help me rank options A, B and C below by order of ROI.

 I Just completed a rehab on a house and have three exist strategies:

Here are the numbers:

Purchase 31K

Complete Rehab Rehab 21K

Total Cost is 52K.

A- I can sell the house for 67K (After all closing expenses). Still have to pay taxes

B- I can lease the house for 800 per month (possible low maintenance due to complete rehab)

C- I can seller finance ( Sell price 79K, 5K Down, 715/month for 15 years) Buyer pays T&I

THANK you

Most Popular Reply

User Stats

434
Posts
185
Votes
Scot Howat
  • Investor
  • Hoffman Estates, IL
185
Votes |
434
Posts
Scot Howat
  • Investor
  • Hoffman Estates, IL
Replied

It depends on your goals.  

If you're going to hold onto it I'd say to refinance it, banks are cheap right now.

B

A

C

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