Updated over 9 years ago on . Most recent reply
Do I rehab and flip, flip as is, or buy and hold?
I got a great deal on a property. The broker experienced in flipping told my not to pay more than $50K at the auction. I got it for much less. Does anyone know of any spreadsheets that can help me determine the best course of action. The broker provided me rental comps at around $900, though I might get more if I rehab the 2 bedroom into a 3 bedroom. The home is 1700 square feet so creating a 3rd bedroom should not be a problem. He said he could sell the property for between $95K & $115K. If I rehab, I'll be into the property for about $50K.