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Updated over 2 years ago on . Most recent reply
Is this a good deal? Newbie investor, Any opinion is appreciated!
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

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.