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Updated over 11 years ago,
Is this a Deal or No Deal?
Hello Everyone
I just found a single family house for $25,000. The owners is willing to hold for 5 years with 5000 down. Here are the numbers:
ARV is: 55,000
Repairs: 16,000
Do I still try and flip this house or do a as is lease option with 10,000 down? Any thoughts would be appreciated.
Thanks
Jose