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Updated almost 7 years ago,

User Stats

10
Posts
1
Votes
Tyler Blodgett
  • Rental Property Investor
  • Lexington, KY
1
Votes |
10
Posts

Any upside to recently renovated property purchase?

Tyler Blodgett
  • Rental Property Investor
  • Lexington, KY
Posted

I have been looking from the sidelines for quite a while, and hope to make my first purchase this year.  I learned from reading @Brandon Turner's book that typically you make your money on a property when you buy the property by making sure you get a good deal.  I recently came across a newly renovated (I am guessing a flip) duplex that is in my price range and looks like it might be something to take a deeper look at.  My two concerns are first that the flipper is looking to make a good return and therefore will be less inclined to make a deal, and second that most of the potential added value has already been added with this renovation.  I know it should all come down to the numbers, but I wanted to get some advice/insight from others on your thoughts regarding purchasing a recently renovated property... Thanks in advance for any insight anyone adds.

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