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Updated about 6 years ago on . Most recent reply

User Stats

40
Posts
9
Votes
Ryan Rogers
  • Rental Property Investor
  • Tacoma, WA
9
Votes |
40
Posts

Decent Cash Flow and Cash on Cash but negative 50% rule?

Ryan Rogers
  • Rental Property Investor
  • Tacoma, WA
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Hello BP,

I am going to put a offer on this property after Thanks Giving weekend. 

Details: Foreclosure. On market for 108 days. Price dropped from 243k to 230k. Rental Estimate 1,795 Zillow, Rent-0-Meter. 10k for fixes. Need laminate, paint, fixtures, and furnace, and toilet.

This will be primary residence and housed hacked first year. Asking 40k below. What are your guys thoughts buy and hold. Potential equity as well after fix up around 260k.

Does the 50% rule rule over cash flow and 14% Cash on Cash?

Ryan

Most Popular Reply

User Stats

13,372
Posts
19,407
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,407
Votes |
13,372
Posts
Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

The 50% Rules rules over nothing...especially here.

Let me ask you a similar question:  "If something was marked one size smaller than the size you usually would wear, but when you tried it on, it fit perfectly, would you buy it"?

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