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Updated about 4 years ago,
Would you BRRRR this partnership or flip?
Numbers aren't my strong point yet - looking for guidance on a foreclosure we got for cash. I'm assuming 1/3 partnership, deciding: flip or finance to hold myself...
Partner does not want to hold so I would need to consider that payout if I were to refinance to hold on my own.
Purchase cash 29,500
Est rehab 25k
All in round to 55k
Est ARV 80k
Potential rental income $850
Would appreciate any feedback!