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The Investor’s Guide to a Single-Family Rental Emergency Fund
As real estate investors, your emergency funds are a critical line of defense against unexpected costs. It prevents you from dipping into your budget to handle them. But what should you really use an emergency fund […]
Don’t Overlook This When Buying an Investment Property—Learn From My Mistake
Let’s get one thing straight: Real estate investing isn’t a get-rich-quick scheme. If you think you can just waltz in and start raking in cash without a solid game plan, you’re setting yourself up for a financial face-plant.
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Real Estate Deal Analysis & Advice
HomeForumsReal Estate Deal Analysis & AdviceI Need Help
Diedre Bullah's profile image
Diedre Bullah's profile image
Diedre Bullah
  • Real Estate Investor
  • from Los Angeles, California
  • Member since Apr 20, 2008
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Diedre Bullah's profile image
Diedre Bullah's profile image
Diedre Bullah
  • Real Estate Investor
  • from Los Angeles, California
  • Member since Apr 20, 2008
Connect
Diedre Bullah
  • Real Estate Investor
  • Los Angeles, CA
3
Votes |
48
Posts
Real Estate Deal Analysis & Advice

I Need Help

Diedre Bullah
  • Real Estate Investor
  • Los Angeles, CA
Posted Apr 8 2010, 15:09

I am a newbie investor with " little" cash.I found a property in St Louis,MO that needs a lot of work.It is a small house with a lot of potential.( well I think so) The asking price is $4,900.Comps in the area are between $31,414-$56,500.

My question is do I purchase this property and sell it to another investor or do I keep it and rehab it? I am currently living in Las Vegas but I have family in St Louis. :cry: :cry: :idea: :idea:

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