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HomeForumsNew Member IntroductionsYOUR take on a $7000 2 bdrm home
Tom Lane's profile image
Tom Lane's profile image
Tom Lane
  • Real Estate Investor
  • from Milledgeville, Illinois
  • Member since Nov 11, 2014
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Tom Lane's profile image
Tom Lane's profile image
Tom Lane
  • Real Estate Investor
  • from Milledgeville, Illinois
  • Member since Nov 11, 2014
Connect
Tom Lane
  • Real Estate Investor
  • Milledgeville, IL
24
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46
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New Member Introductions

YOUR take on a $7000 2 bdrm home

Tom Lane
  • Real Estate Investor
  • Milledgeville, IL
Posted Nov 20 2014, 21:01

Hi folks. New to Bigger Pockets but not to the whole real estate game. My question is, "how would YOU deal with a 7k, 2 bdrm home in small town USA"?  The median price of props is currently 125,000. Would you fix/flip, buy and hold or run the other way?

My most recent project is 5 miles away and will close any day. We paid 18, spent 40 more and sold it for 84,900 (roughly 4k profit a month).

What to do, what to do?

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