Updated about 10 years ago on . Most recent reply
deal analysis
Buying a investment property single family home with tenant in rent control city.
purchase price $290k, rent $1300 per month. The property needs repairs such as roof replacement, window replacement and so on. The location of the property has very good potential for appreciation. Buy or wait for other opportunity?
Most Popular Reply
what's your objective with the property? buy and flip after few years with potential appreciation or hold for cash flow. Obviously I don't see any cashflow with the numbers you mentioned. If that's not what you are after then it may make sense to buy, fix and flip. I don't buy for appreciation and feed the property out of my own pocket to hold, it should be self sustainable i.e. cash flow.