June 05, 2009
$24,000 3-4br 1ba Needs 20k work ARV=$65-75k
Posted by: Larry Oliver : Category: Properties
This property is a great fixer upper. About 20k of rehab costs will get you a very nice equity position in a property that has an ARV of $65,000-$75,000. Depending on how you choose to rehab the property, it can be turned into a 3 or 4 bedroom with 2 bathrooms easily. Once completed, this property will rent anywhere from $700-$1000 per month without a problem.
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