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Updated almost 9 years ago,

Sammy Patel's profile image
Sammy Patel's profile image
Sammy Patel
  • from Northern, Virginia
  • Member since Sep 18, 2014
Connect

User Stats

35
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2
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Sammy Patel's profile image
Sammy Patel's profile image
Sammy Patel
  • from Northern, Virginia
  • Member since Sep 18, 2014
Connect
Sammy Patel
  • Northern, VA
2
Votes |
35
Posts
Real Estate Deal Analysis & Advice

To Flip or BRRRR????

Sammy Patel
  • Northern, VA
Posted

Here is the deal, would like to know what others think:

2 bedroom 2 bath condo bank owned.

Listed at $201,000. Would like to offer $175,000. Estimates are $30,000 for rehab. Rents are $1600. HOA is $250/month. Taxes are $2500 per year. Insurance is $25/month. 5-10 week rehab. Have hard money lender at 75% of purchase and rehab costs.

ARV is $245,000.

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