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Updated over 11 years ago,
Oil Country Dilema
I purchased a foreclosure in March 2013 for $65,000, Zillow is estimating it at $123,702. I've been sitting on it waiting to purchase two more properties. In the interim I haven't rehabbed the first property. The $15,000 rehab would get it on the market in October to rent for atleast $1,600 - $3,000. The $30,000 rehab would get it on the market and I could seller finance it. It is a 1585 square feet single family residence in Midland Texas where the rental market is demanding $1-$3 sf. It is 3/2, built in 1950. Any recommendations on funding streams?