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Updated over 5 years ago on . Most recent reply

User Stats

11
Posts
3
Votes
Joseph B.
  • Rental Property Investor
  • Houston, TX
3
Votes |
11
Posts

Analyze deal for Flip or Buy and Hold

Joseph B.
  • Rental Property Investor
  • Houston, TX
Posted

Just got the appraisal for my SFH renovation. I like the numbers but would like to hear others input. Would prefer to buy and hold but may be better as a flip.

Purchase Price: $200,000

Repairs: $150,000

ARV: $440,000

Located in East End of Houston. What do you think BP community?

Most Popular Reply

User Stats

11
Posts
3
Votes
Joseph B.
  • Rental Property Investor
  • Houston, TX
3
Votes |
11
Posts
Joseph B.
  • Rental Property Investor
  • Houston, TX
Replied

@Account Closed I went with a design-build firm to do a complete renovation plus addition. Received bids from 4 contractors and selected the one that was best for what I wanted to put into it. Higher end finishes, HVAC, complete repipe and rewire, etc. Built in the 40’s. 

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