Updated almost 2 years ago on . Most recent reply
[Calc Review] Help me analyze this deal
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Hello,
Looking to get some recommendations on this property to make it a more profitable scenario. It is not livable as-is right now, and needs at least $50K renovation to get it up to livable standards. Our first idea was to tear it down and build new. But after plugging in those numbers, even with new construction (higher ARV and higher rent) we would still be upside down.
Thanks for your feedback!