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Updated 3 months ago,

User Stats

7
Posts
1
Votes
Matthew M.
  • New to Real Estate
1
Votes |
7
Posts

1st purchase - CoC disappearing, probably a mediocre deal now

Matthew M.
  • New to Real Estate
Posted

105k to purchase and now about 22k to rehab with an ARV of 140k. LTR intention so an updated CoC return of 9.1% down from 12.9%. I am assuming 10% vacancy, 10% repairs.

A couple things just came up during inspection and I will likely try to get a lower price but I don't think I will be able to get it.

Should I just go for it anyways? Or back off and wait for a better deal? My CoC can only go DOWN since my rehab estimate is pretty solid. This is my first purchase.