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Updated over 1 year ago on . Most recent reply

User Stats

15
Posts
10
Votes
Brian Bryson
  • New to Real Estate
  • Sebastopol, CA
10
Votes |
15
Posts

About to drop 125k CASH for Firestone Park, Akron, OH & having an OOS PANIC ATTACK!

Brian Bryson
  • New to Real Estate
  • Sebastopol, CA
Posted

I acquired a Buyer's Agent from Zillow, told him I'm out of state & like a property, and now things are moving more quickly than I'm comfortable with. I hear many folks say, "Don't get stuck in Analysis Paralysis."  But, ya know, we have to do enough analysis before we hand over our $125k life savings. Might any of you fine folks here in Bigger Pockets Land lend your analysis wisdom of Firestone Park - Akron OH?  Thanks, y'all!
 

I'm looking for high cash flow and hoping for good appreciation in 7 years.

Asking Price: $130,000
Offering: $125,000 CASH
Rent Estimate: $1200 to $1400
4/2 Single Family
Nice new kitchen & bath
Hardwood floors
Needs painting inside
Roof & siding a little worn
Basement a teeny bit leaky in big rain storms

Most Popular Reply

User Stats

978
Posts
2,028
Votes
Travis Timmons
#4 Out of State Investing Contributor
  • Rental Property Investor
  • Ellsworth, ME
2,028
Votes |
978
Posts
Travis Timmons
#4 Out of State Investing Contributor
  • Rental Property Investor
  • Ellsworth, ME
Replied

Don't do it. I can think of 500 (maybe more) better ideas to deploy $125k in cash than to buy a fixer in Akron as an out of state, first time investor.

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