Updated about 12 years ago on . Most recent reply
Plan B
I bought my first home to rehab and flip. Below are the Numbers.
Purchase price - 49k
Rehab cost - 46K
ARV - 126k
I paid cash for the house and all rehab costs. If I decided to not flip and possibly rent out, would it be a wise decision if I could get $1100-1200 per month? The house has been on the market for 2 months and a few bites but no sale. Am I being impatient or is renting it out a decent option based on the numbers given?