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Updated over 8 years ago,
Is this a good deal?
This is a house for sale we found today. http://www.zillow.com/homedetails/5024-Nebraska-Ave-Omaha-NE-68104/75855573_zpid/
Me and my husband are new at this and we want to make sure we are going about this right. We want to start out by flipping and we're wondering if this would be a good house to start with.
Based on the pictures, would this even be worth further inspection in-person with a contractor?
Also, what types of things should we be looking for as far as rehab costs before contacting a contractor to tour the property?
We have been reading "The Book on Rental Property Investing" by Brandon Turner and have been watching podcasts and have attended our local REI group meeting once and plan to keep attending.
We calculated a COC ROI of 11%. Are we on the right track?
All advice is appreciated. Thank you in advance!