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Updated almost 7 years ago,
Any upside to recently renovated property purchase?
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.