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Updated over 6 years ago on . Most recent reply

User Stats

75
Posts
6
Votes
Catherine Morel
  • Flipper/Rehabber
  • New York, NY
6
Votes |
75
Posts

Searching my first deal!!

Catherine Morel
  • Flipper/Rehabber
  • New York, NY
Posted

Good Morning! 

I need help. I am currently looking into getting financing for my first deal. I spoke to a real estate agent and will be looking at the property on Saturday! 

I would like for someone to help me figure out if it’s worth getting into this deal ?? 

The house is a 2 family home 4bed and 2 baths 1700 sqft and is listed for $75k. I checked comps on Zillow and it says a few houses were sold in that area for $220k-$260k. To me that sounds like a huge deal! Obviously I’m not sure how much repairs will cost but upon looking at the pics it definitely needs a brand new kitchen, new windows, possibly new bathroom and updated floors. 

Would anyone consider this deal?? 

Also does anyone know how much it will be to estimate the repaid cost by the description I just provided??

Thank you in advance!! 

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