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Updated over 2 years ago on . Most recent reply

Account Closed
16
Votes |
11
Posts

Is this a good deal? Newbie investor, Any opinion is appreciated!

Account Closed
Posted

Single Home with 1 attached garage

built 1961

Bsmt Sq. Ft: 1,176
House Style: RANCH Fin. Bsmt SF: 1,055

However, it is listed 2352 sqft.

$395,000

6 beds(3 non-conforming in the basement) 2 bathrooms(1 3/4, 1 full)

Lot Size: 7,405

Neighborhood houses with similar size seem to be selling above 420k-460k with similar sqft. The single house is next to Denver International Airport as well. 3rd party value checking software estimated the property to be around 450k. It seems like the property is current held by a family trust. 

Any other pointers I should look out for?  I'm thinking about getting a property inspector to look at it.

I'm also thinking about perhaps wholesaling this property.

Thanks a lot!

Most Popular Reply

User Stats

131
Posts
111
Votes
Winston Covington
  • Realtor
  • Santa Ana, CA
111
Votes |
131
Posts
Winston Covington
  • Realtor
  • Santa Ana, CA
Replied

Always remember the first 3 rules of real estate investing…” Location, location, location “.  With this house being right next to a major airport, I would pass unless you could  get it WAY under market value.

  • Winston Covington
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