All Forum Posts by: Account Closed

I have had good success here in columbus so far - anyone want to meet up ?  I am an investor and hav edone 8 deals here so far primarily buy and hold / rentals '

Shay

I relaize this is not perfect set of information  - I just want to know at first glance if this is a sell or a hold for investors here  - OK I will be as Brief as possible  - please forgive any mistakes in this post - It's my first one here

• Deal Structure / Scenario (43235 zip)
  • Purchased  for 220 K + 80 K rehab / cash deal
  • 4 months into it - Property is ready  will list for 389
  • Market is hot  - will sell quickly most likely 
  • Short Term Cap gains at 20% + 6% commission 
  • Can refi for 389 amount with 30% down in 2 months
  • Holding costs are about 1 K per month
  • Rents for 2500- 3K per month 
  • Slight apprecaition in hold scenario possible as we are aalready at the top of the neighborhood.

Question for me is to hold or sell   ?  My inital thought is to sell and move on to the next .