I am not ready to invest yet. I am trying to do “practice searches” so when I am ready I know what a deal looks like.
I am looking to buy rehab, refi and rent.
So in this scenerio I would:
check comps in the area at the county court house so see what what prices were for the last six months.
contact seller and do a walk through.
I am not sure if thei is the norm but I would like three contractors to inspect the house and give me a price.
take my 70% price from comps-(purchase price+rehab+3 months holding+refi fees+10% buffer)= profit.
I am not buying this house but if the ad turned out be be acurate and the rehab was 25k would this be something a neb should look for?