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Updated over 6 years ago on . Most recent reply

Scott Simpson's profile image
Scott Simpson's profile image
Scott Simpson
  • Realtor
  • from Jamestown, NC
  • Member since Dec 26, 2017
  • Posts 6
  • Votes 1
  • Experience 9 Yrs
  • Investments 1
Connect

User Stats

6
Posts
1
Votes
Scott Simpson's profile image
Scott Simpson's profile image
Scott Simpson
  • Realtor
  • from Jamestown, NC
  • Member since Dec 26, 2017
  • Posts 6
  • Votes 1
  • Experience 9 Yrs
  • Investments 1
Connect
Scott Simpson
  • Realtor
  • Jamestown, NC
1
Votes |
6
Posts
Real Estate Deal Analysis & Advice

Deal or No Deal? 80% Rule???

Scott Simpson
  • Realtor
  • Jamestown, NC
Posted

Looking for advice...

88k purchase price, 12k rehab and holding cost, 125k ARV... Obviously this doesn't make the 70% rule...

Built in 2006, 1200 sq. ft. in a B- neighborhood.   Needs new AC unit, full interior paint, 600 sq. ft. flooring.  This would be my first flip but I have experience in rehabbing personal rental properties... Thanks Florence!!!  What do y'all think?  Deal or No Deal?

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