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Updated over 10 years ago on . Most recent reply

Brian Fazekas's profile image
Brian Fazekas's profile image
Brian Fazekas
  • Investor
  • from Marshall, Michigan
  • Member since Sep 10, 2013
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Brian Fazekas's profile image
Brian Fazekas's profile image
Brian Fazekas
  • Investor
  • from Marshall, Michigan
  • Member since Sep 10, 2013
Connect
Brian Fazekas
  • Investor
  • Marshall, MI
10
Votes |
54
Posts
Starting Out

Need Help Evaluating

Brian Fazekas
  • Investor
  • Marshall, MI
Posted

So, I have been flipping for several years now, but the MLS has dried up over here and tried some yellow letters. The phone is ringing and found a potential deal. What would you do? Here are the specs.

$42,000 Purchase

$15,000 Closing, New Roof, Chimney, and Appliances

After these repairs the property would be worth $70,000 - $75,000 or could get rent for $850 /  mo.  

Is there a deal?  What would you do?

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