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 about 8 years ago,

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...