Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 on . Most recent reply

User Stats

19
Posts
17
Votes
MacKenzie Clinton
  • Spearville, KS
17
Votes |
19
Posts

Lend Your Eyes to a Newbie's First Deal, Please!

MacKenzie Clinton
  • Spearville, KS
Posted

Okay guys, I am about to make my first offer and I would love the eyes of some seasoned experts first :)

This is a rental property in Smallville(but not too small ;) ) Ks. Current renters signed a 12 month lease, 9 or 10 months remaining.
C+ area. It is clean and safe, but not overly nice, and there is a major eyesore property next door to this one.

It has new siding, new paint and new floors and does not appear to have super aged water heater/ac/roof but I intend to have a home inspection to verify the big stuff.

Rent: $600/ month
Taxes: $45/month
Insurance: Waiting on a quote, estimating $50/mo

Listed for 33,000, I am intending to offer 29 cash deal.

Let me know what you think please! Any considerations I am missing?

Loading replies...