Updated over 14 years ago on . Most recent reply
Input please!
Hi,
I am getting back into real estate after a few years away. Looking at a property in a well established neighborhood. It's a short sale, I can pick it up for $73k, needs $20k of rehab, ARV is $125,000. I am coming up with a 19% ROI on my cash after all costs - rehab, commission, insurance, taxes, utilities, etc. It is not a huge amount so not sure what more experienced investors out there shoot for.
Also, does anyone know how I can lien this at closing so that I could refi after 3 months to cash out and turn this into a rental?
Thanks in advance.