I am in the same situation as you now

Bought a condo for $90K.  Need $10K to fix it up and may take one month.  I have to fix the small things by myself, which is going to require at least 40 hours. The market value right now is about $130K. Now I am thinking how much money I am going to make from it. If sold at $130K, I will get $117 probably. My hourly rate is about $75/hour, so I have to take $3000 of my labor cost out of it, which leaves it at $114.  It usually takes at least two months to sell it. That makes my net gain at rougly $14K for three months.  Does it worth the effort?

所有跟帖： 

• Hire people to do it. My contractor hourly rate is $13-$17. -rapidestate- ♂ (176 bytes) () 03/12/2017 postreply 07:46:54