Is this a good deal??

[Daisy Ferreiras]

Hi all, 

Here is the info on the property:

Purchase Price: $105k (they are asking all cash) 

ARV: $130k

Rehab cost: 2k - just landscaping and paint

Rent: $1050

I was hoping to do another BRRRR, but I'll leave some of my money in the deal. Would it be worth it to leave some of the money into the deal or just let this on go for now? Thanks in advance..just needing help talking through this deal. If I keep it as a buy and hold would I make my money back eventually?

[Steve Vaughan]

Originally posted by @Daisy Ferreiras:

Here is the info on the property:

Purchase Price: $105k (they are asking all cash) 

Asking all cash usually implies it won't appraise and has significant repairs needed. Especially if this is listed with a realtor on the MLS. If so, how long has it been on the market and why hasn't someone else scooped it up?

Some of my best deals have required cash, but they were private party quick sale help the seller out of a jam deals. Why is this person selling? 

The goal of BRRR isn't to have NO cash left in a performing deal, it's to get most back. I'm ok leaving 10-20% in all day. That's why they call it investing ;)