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Updated over 15 years ago,
Take a look at this deal
Here is the house I'm looking at.
It is listed at $35,000. It needs about $10,000 of rehab. It will rent for $700 per month after rehab.
I think I can get an offer of $30,000 accepted by the seller. If I do get accepted for 30K on the house will a bank loan me 40K so I can fix the house up?
Will my 40K investment be worth it pulling in $700 per month in rent?
Nice looking house huh...
:mrgreen: