I’m still fairly new but it sounds like you made a lot of money!!

In PRIME location.It’s listed for 195kIt needs• brand new kitchen • 1 master bath, 1 guest• new flooring (everything is carpet)• paint• maybe 4 new doors• maybe exterior paint and definitely landscaping 3 bed 2 bath- brick chimney to the ceiling 😍Comps on the street are up to 275k- 2 streets down comps are 350-1.5milThis would be our second flip- does it sound worth it and what’s the best backup offer since we don’t know what anyone else has offered

@Jeshua Patrick with this overheated market it sounds risky to take the tax hit and have all of your eggs in one basket.

@Jeremiah Leonard I think this sounds like a really solid plan.

So it sounds like your looking for 100K each year, correct?  

Because I know most coops go thru board approval for whoever comes in after the seller and to me it always sounded like a lot of extra (paper)work.

Sounds like a plan

Appreciation investing rings bells that sound like 2008 anyways.

I was a mortgage broker for many years long ago and that sounds like what you should be doing. 

Listen to your gut.As you said, it sounds to me like she’s trying to rent the condo for her daughter, but her daughter has some sort of stain on her record/credit that impedes her ability to be approved for an apartment.