Updated over 3 years ago on . Most recent reply
Thoughts on estimating ARV for flip
Hello BP, we're all experiencing this inflationary/high interest market together so I figured I'd ask a complex question.
We just completed the demo on our third property and can't decide which strategy to follow. Is flipping properties a valid idea right now? After running the numbers conservatively we could profit about $18K before capital gains taxes. That feels really slim for 3+ months of work, swinging hammers myself, and hiring contractors for the specialty jobs.
We could rent the property and cash-flow $160 per month, after PITA, cap ex, vacancy, maintenance, and associated cost with buy/hold.
As an investor would you take unpredictable profit, or low cash-flow in a rising C class neighborhood?
Most Popular Reply
what about STR? is that an option in that area? im noticing a lot of STR in the area are not only catering to nurses put construction workers......met a guy thats on assignment for a few months.....that might be an option to maximize the cashflow potential....