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Updated over 5 years ago on . Most recent reply

User Stats

24
Posts
13
Votes
Tyler Phalen
  • Rental Property Investor
  • Ogden, UT
13
Votes |
24
Posts

I’m new to this, how’s this deal look?

Tyler Phalen
  • Rental Property Investor
  • Ogden, UT
Posted

I'm pretty new to investing and still not very confident in my analysis skills. How does this deal look to you? I would be using a VA loan with 0 down and the seller is contributing to closing costs any other costs I would roll into the loan. The house is newly remodeled and assuming it wouldn't need any work at all, there shouldn't be any rehab costs. The list price is 229,000, so it could possibly be lowered in negotiation. I think I could get 1500 a month in rent for it, it's a 4 bed 2 bath SFH. Take a look at this analysis report: https://www.dropbox.com/s/izvfrue8q9f3jvl/308-34th-St-Property-Report-a5TYL.pdf?dl=0

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