Would you be happy with a 25% ROI?
Hello everyone,
So here's the scoop. I have a home in Tulsa, OK near downtown. Cool area. My estimate is that it needs about 25k in renovations. New roof, new floor, new layout altogether. There's a house just a few doors up that's for sale for 87k. And that house is not as big as mine or as updated as mine will be. I have the 25k but that's all I have at the moment. So my concern is putting all my money into the project and not having any left over for living expenses in the mean time. So my question is, if I were to seek an investor for the 25k do you think a 25% return on investment would get someone interested assuming the project could be completed in about 2 months?
Thanks in advance!