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Updated over 6 years ago on .

User Stats

13
Posts
0
Votes
Brittany Sanders
  • Investor
  • Harvest, AL
0
Votes |
13
Posts

Buying a Tax property

Brittany Sanders
  • Investor
  • Harvest, AL
Posted

Hello all, I am buying a tax property apartment complex. It is 10 units that need to be renovated. They consist of  2-bed 1-bath (each unit) it is pretty much a re-do. The tax property amount is $6000  for the entire property and rehab is about $40-$50,000. The rent nearby is $600-$650 a unit for 2-bed/1-bath. Its in a rough area however, the area is up and coming.  I am wondering If I am missing something. Does this sound like a good deal? Should I be asking more questions? It feels good in my gut to do but then again i'm tired of delaying deals.  Any good advice will help!