Would you purchase this?

[Cisco Alva]

SFH: 4/2, 1500 sqft, asking price 199k, ARV in the high 200s, full reno required but completely surrounded by warehouses on all sides. Not sure if I can upload a picture to this post but it doesn't seem like I can in the app. I'll jump on my laptop this afternoon to see if I can upload it on the site.

[Alecia Loveless]

@Cisco Alva Personally if I could get it for $100K I’d be more inclined to buy it as a buy and hold as opposed to a fix and flip.

Surrounded by warehouses I doubt you’ll be able to get anything close to high $200s for it selling it. However if there’s some other houses in the area and you do a nice rehab on it you can probably rent it pretty easily. At least this is how it would go in my area.

Recently I looked at a home that was on the market for $90,000. If I could have gotten it for $75,000 and put $45,000 into it I could have rented it for 25 years with little maintenance for $900 a month. But I couldn’t have sold it for even $125,000 because of its location by a concrete plant. The owner declined my offer and got $82,000 about 5 months later.

If you have a trusted investor friend or realtor, not the one selling the property unless you know them well, ask to see if they think you can flip the property at a profit realistically if that’s your goal before you buy it.

All day I’d say keep it as a rental!