Looks pretty good but for a property that’s worth 130 k with Taxes at 5,000$ And Insurance 1500$ Yikes !

@Matt K.

Typical  deal was buy around 35 to45K, rehab 10 to 15 k all in about 50 to 60K.

It will also be much more diversified because you can split your 30 K investment into many investments, so one particular bomb is not going to be catastrophic.

Having a 20 k profit margin is also a good buffer for the u expected.

Purchase price : $80KMajor Rehab: $ 40k - $50 k (depending exit strategy)ARV: 170K-175KRent : $1600/month Neighborhood: ZIP 77062Median rent: $1800great school district ( 7/10),median home value $175k , average home value $219k. owner occupied 69% renter occupied 27%. median income $ 88k, average $ 117k. population growth 0.9%/YR crime: safer neighborhood (per trulia)Exit strategy: BRRR strategy: potentially 5k-7k profit after refinance, cash flow $100/month (including PITI, capex, maintenance budget and property management).

@Rashad K.

Originally posted by @Jim K.

Get them the F**k out.

Matt K.