I am going to go meet a prospect at her property. I saw her for rent sign, called her, and asked her if she was willing to sell and she said yes. ARV would be about no less than 230k . She is asking 175k so I would put a sales price of 185k. I know that doesn't sound very enticing BUT she already pretty much rehabbed it. Added a half bath, new stain less steel kitchen appliances, and the roof is a year old. The only thing she said it may need is new flooring.
The way I see it, a Buyer could put the cheap flooring down, fresh paint and could flip it for a fast and easy profit OR just rent it out. It's pretty much rent ready.
She also said she has someone who is interested in renting it as well.
How do you guys perceive this? I know this doesn't fit the usual formula but a quick 45k Is still a good profit for just a simple Rehab flip or ready made Rental. Am I seeing this right?
