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Updated almost 8 years ago,
Rehab for a buy and hold
According to BRRRR strategy this home wouldn't work. But I wanted to hear the feedback from the forum. I'd be buying to hold and renting
Purchase Price $145K
Rehab $25-$30
ARV $190K
Rent $1700
I have a lender that will loan the purchase and rehab price at 11%.
Is this is a bad deal to pursue