Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago,

User Stats

13
Posts
3
Votes
Patrick Mccarthy
  • Spring Hill, FL
3
Votes |
13
Posts

a deal to consider ?

Patrick Mccarthy
  • Spring Hill, FL
Posted

ive been doing some research driving around my area and came across this house . its a 3bedroom 2 bath , 2 car garage with a pool . the house was buildt in 1999 . however has been vacant for 2-3 years according to the neighbors . the story goes that an elderly person died in the house . this is fairly common in hernando county florida . but after a walk around the property . the house is in need of mild repairs . a fresh paint and drain of the pool a fresh paint of the house and that's on outside inspection ,and the a/c looks newer the roof looks original so I'm figuring another 10 yrs on the roof   I did see shampoo bottles in the bathroom however I cant go in the house for a more formal inspection ,  comps show the house to be worth around 110,000.  rental values here are for a house of this type would be 1000 per month. my plan was to offer 65,000 neg start price and go there. I would   fininace  for  a mortage of 500 a month approx. 15 year . at 2.5 % and rent out each room for 300 . at 4 rooms that's 1200 a month. 700 past the mortage .  this all sounds good . but what do you think ?   I'm going to try to attach a picture so you can see it .

Loading replies...