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Updated over 8 years ago, 04/04/2016

User Stats

520
Posts
263
Votes
Mark Allen
  • Real Estate Investor/Broker
  • Irving, TX
263
Votes |
520
Posts

Killeen area Opportunity

Mark Allen
  • Real Estate Investor/Broker
  • Irving, TX
Posted

I have two homes in Killeen still and a seller found my phone from a rental listing wanting to sell their home fast. Would you consider this a good deal in Killeen/Belton/Temple/Harker Heights/Copperas Cove area?

1995 build, 3/2 with a loft (could be a 4th bedroom)

ARV is $225k - South of stan schleuter in newer developments.

Rents for $1000-1100

Repair for rent - $4k

Repair for flip - $15k

Purchase price $75,000

Which exit strategy would you exercise and why - Wholesale, Rent, Fix/Flip?

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