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Updated over 10 years ago, 09/22/2014

User Stats

19
Posts
3
Votes
Lisa Foster-Bryant
  • Real Estate Investor
  • Lawrenceville, GA
3
Votes |
19
Posts

First Deal Need Help

Lisa Foster-Bryant
  • Real Estate Investor
  • Lawrenceville, GA
Posted

Hi BP Community Need your help! First Deal on the table (YEAH!!!) Trying to not have the Analysis Paralysis the deal looks like this:

Condo, 2/1, 1174 sq ft $8 per sq ft

Free and Clear 

ARV $26,300

Asking 18k

Avg Comps in area sold for $36,800

Rentals in area Avg $758

Condo Fees $220

Seller has done 85% of all repairs already.

Is this a good deal? One other thing all comps are 2/2 or 3/2 does that play a role in this being a good deal or not? HELP BP

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