Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

82
Posts
10
Votes
Amul Sutaria
  • Rental Property Investor
  • Montville, NJ
10
Votes |
82
Posts

What options do I have? Take a look! need advice!

Amul Sutaria
  • Rental Property Investor
  • Montville, NJ
Posted

Hi BPers,

I have an off market property, let me show you the numbers, please tell me what YOU would do in my shoes... :

SFH 2/1
Acquisition: 185,000

Rehab: 20,000

ARV: 250,000

Potential Rent: 1800/month

Taxes: 5,000 (yeah, NJ!)

I have the capital to put 25% down for a conventional renovation loan, but the only thing is no one will lend me money if I tell them i want to flip the property in 2 months.  I have to hold onto it for at least a year.  I was thinking maybe to renovate it and rent it out for a year and THEN flip it? 

Loading replies...