Updated almost 10 years ago on . Most recent reply
Possible Flip...Help Analyzing!
Hey BP,
I am interested in a property in Fort Worth. I like the numbers and the area.
Here are the basic numbers please tell me your opinions.
$245,000 Purchase Price
$115,000 Rehab & Addition of 600 sq ft
$468,000 ARV
Taxes $7,137
The addition would make it a 4 bed, 2 bath and 4 car garage.
Most Popular Reply
#5 Wholesaling Contributor
- Real Estate Broker
- Naples, FL
Hello @Jamie Wooley. You need to provide a lot more info for us to know the quality of the investment. Are you going to flip it or hold for a rental. Taxes, insurance, maintenance, CapEx, financing, etc all figure into the equation. If you don't have Galinelli's book get it for your library (what every investor needs to know about cash flow). If a flip, estimated holding costs, costs of sale, etc. If a rental, the items I mentioned above are needed to calculate your returns. Are you sure of the numbers provided? Got good research?