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Updated about 7 years ago on . Most recent reply

User Stats

37
Posts
4
Votes
Benjamin Z. Pickens
  • Woodsfield, OH
4
Votes |
37
Posts

Fix and Flip or Buy and Hold

Benjamin Z. Pickens
  • Woodsfield, OH
Posted

I've started working on deal and wanted to get some input as I am new to this.

2/1 with 1,126 sqft. Asking $19,000 but in need of repair. Listing agent said I could get the home for "seriously less" they are offering special financing. 2.9% interest with 20% down. Zestimate is 28k.

A couple of questions:

How do I analyze cost of repairs without viewing the property?

With such a low mortgage payment and a low ARV would it be more beneficial to buy and hold or flip for profit? (rent in this area is 750+ per month)

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