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Updated about 5 years ago on . Most recent reply

User Stats

10
Posts
1
Votes
Samuel Nigbur
  • New to Real Estate
  • New Berlin, WI
1
Votes |
10
Posts

Our First Deal #hopefully

Samuel Nigbur
  • New to Real Estate
  • New Berlin, WI
Posted

Hey all,

My wife and I have been on the look out for our first deal and we actually found a property way below market value but, there are some catches.

-The house has sat vacant for a little over a year

-It is bank owned and has been winterized meaning that upon purchase you wont know if the water works.

-It needs some renovations to the inside but not much to make it rentable

Fellow pocketers, does this seem like a good deal or am I letting excitement of a low price get the better of me?

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