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Updated almost 16 years ago,
Help with Exit Strategy
Hello BP,
Up for consideration is the following:
A SFH priced at $28,000. It is 1200SqFt, 3 BR 1BA that an investor purchased a year ago for $17,000; He/she has done a good amount of work (drywall on one level, framed the basement).
ARV looks around $75-80K, with about $10-15K of repairs.
How does this deal sound, and would a lease option make a better exit strategy than a quick fix&flip right now given the market for SFH? Thanks very much - Brandon