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Updated over 14 years ago,
Deal or no deal?
Acquisition cost: $90,000
Rehab: $50,000.00
Projected Rents: $3000.00 per month
2 houses , 1 lot;
House 1: 1 bed/1bath 800 sq feet Market rent: 1100/month
House 2: 4 bed/1 bath 1400 square feet $1900/month
I think it's a deal...but I may be an idiot.
What do you all think?
Thanks in advance!