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Updated about 5 years ago,
[Calc Review] Help me analyze this deal
I have this Class A property in the north suburbs of Chicago under contract and I am wondering, should I BRRRR or flip it?? I would love to have a class A rental but this property does not class flow at all and there is no way to add rooms to increase the income potential. This is a 3Bd 2Ba Ranch, no basement or upstairs. If I flip it, I can make $30K-$90K but I would need to pay taxes. I would love to keep it and improve my net worth but I don't see an option where I won't bleed money. Any suggestions?? Thanks.
*This link comes directly from our calculators, based on information input by the member who posted.