Good deal?

Asking price is 55k (Im sure can get it for a little less). ARV is 99k. Based on comps, lowest sell in the area is 75k. Needs ~12k in repairs. Area is really good but most of the houses around it arent in great shape. Would you buy?



Just make sure you include all aspects in your expenses like:

  1. How long will the house have to sit before it sells. If it’s 3 months that 3 months worth of payments.

  2. Are you going to use an agent to sell? What is the commission?

  3. Taxes at settlement or other closing costs.

I think after you do this, you will be a “real” number.