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Author Topic: would you consider this a deal or no deal  (Read 4328 times)

Offline dale1

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would you consider this a deal or no deal
« on: September 05, 2006, 09:16:16 am »
this deal is:

a duplex for 15k

it needs about 10k in rehab

one unit rented at 375/mo

the second shoould rent for 400/mo

the question is do you consiuder this a good deal ???

If so why cant i sell it

Offline reoconsultants

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Re:would you consider this a deal or no deal
« Reply #1 on: September 05, 2006, 09:52:27 am »
Yeah that looks like a good deal..

Now why can't you sell it?

Good question is it in a bad part of town?

Is it a crack house?

Offline dale1

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Re:would you consider this a deal or no deal
« Reply #2 on: September 05, 2006, 10:13:39 am »
No it is not a crack house
the tenant that is in there is sec8
the part of the city it is in is the rental area lots of rentals in this area shoot i used to live in this part of town its not that bad.

Offline reoconsultants

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Re:would you consider this a deal or no deal
« Reply #3 on: September 05, 2006, 10:37:07 am »
And they are in Saginaw MI right?

Offline dale1

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Re:would you consider this a deal or no deal
« Reply #4 on: September 05, 2006, 10:39:56 am »
yes they are are you in michigan to

Offline nbayinvestor

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Re:would you consider this a deal or no deal
« Reply #5 on: September 05, 2006, 04:57:16 pm »
I didn't see a ARV on the deal?

I'm new to REI and have seen many deals in that area...someone calling themselves tha cashman keeps sending me email for properties at about 50% of what he states is FMV.

What would be the best way to break in? I'm looking at credit partnering as one avenue to pursue to build funds, as well as buy and hold of multiple family units for an income stream.

I'm from out of state, so landlording seems more problematic than buy, fix, sell. thoughts?

Thanks

Offline nbayinvestor

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Re:would you consider this a deal or no deal
« Reply #6 on: September 06, 2006, 12:44:00 pm »
Dale, I was curious as to what this property would appraise for after the repair?


Offline dale1

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Re:would you consider this a deal or no deal
« Reply #7 on: September 06, 2006, 03:06:41 pm »
It would appraise for between 60 and 70

 




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