Updated over 1 year ago on . Most recent reply
Still trying to land my first deal!
Okay so the deal I’m looking at is tricky. It will exceed the 1% rule but not mean the 70% rule. It looks like I will be leaving cash in the deal but it will cash flow pretty well. Can you please share your experience buying or passing in a situation like this?
Rough numbers
PP 175,000
Rent 1,800
ARV 240,000
Rehab ~25,000
There is another offer in the table so I’m thinking I’ll pay Closing costs.
Looking to BRRRR this property it looks like I may leave 20k in the deal.