The Best Strategy (Flip? Buy Hold? Seller Financing? )
Hi My Biggerpocketers!
My partner and I just signed contract for the first house that we're going to fix up, here's the simple breakdown
Purchase price: 325k
Rehab: 30k-40k
ARV : 460-490k
Monthly Holding cost (Tax, insurance, Maintenance, no mortgage) : 1100
Rehab is 1 month, but if we flip and sell, I'd like to sell it around spring time so we could get as much profit during this time. So holding time around 4-5 months.
The average rental in the area is $2600-$3100
We are still open for any suggestions, we could do BRRRR way, but not sure I want to be a landlord and is it worth paying a property manager?
I appreciate the help and any inputs.
FJ