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Updated about 4 years ago,

User Stats

5
Posts
4
Votes
Amanda Blain
  • Flipper/Rehabber
  • Texas
4
Votes |
5
Posts

Would you BRRRR this partnership or flip?

Amanda Blain
  • Flipper/Rehabber
  • Texas
Posted

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!