A beautiful long term property with an increasing equity in a nice neighborhood with tons of rental potential and or good opportunity for selling due to aesthetics and location.

A beautiful long term property with an increasing equity in a nice neighborhood with tons of rental potential and or good opportunity for selling due to aesthetics and location.

Such a beautiful and growing city.  

I'm new to real estate investing and have been looking to buy my first property for the past 3-4 weeksI have roughly 120k (not all of that I would like to use) to put towards an initial investmentI found a property that I would like to get for 325k that is in ROUGH shape, basically every room and property needs a lot of TLC.I'm getting a 2nd GC to come and look at it but I'm estimating anywhere from 75k-100k in rehab costs to really get it updated.It's a 4/2 with the potential to be a 4/3 or even 5/3 with some creativity of the attic space. 2750sqft with a beautiful pool area and big backyard in Central FL, 15 min from Disney.The girl that has the property wholesale is saying the ARV could be anywhere 550k-600k but honestly, I don't see that number being accurate looking at comps around within a mile or two, and I really need an expert evaluation on this deal but don't know who to go to.I would love someone who has experience doing BRRRR or fix and flips to look at this property/deal and be able to say "this is a no go" or "you have plenty of margin to make this profitable"Any help would be super appreciated!

This is merely the nature of the business. 2.  

👋 I'm reaching out to connect with fellow investors in the beautiful South Florida area.I'm passionate about real estate investing and believe in the power of community and collaboration.

[sic] Those two things seem contradictory in nature to me.

@Tuan Huynh I have several units that I medium term rent to travel nurses/doctors here in San Diego and in process of renovating and converting yet another...I personally love it...I thought I'd naturally have more vacancy than a long term rental but so far in this first year i've been trying this out, no vacancy yet.

While it's the 5th most crowded beach, its 27 miles of almost westerly facing properties offer beautiful sunsets.  

One challenge when building small units is bringing in natural light as they tend to be long and narrow.