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Updated over 7 years ago on . Most recent reply
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What do you think about this deal?
Hi BP community,
Just curious what you think about these estimates.
Rent of 865 is based on a current tenant so that isn't an assumption, but curious if you would tweak anything. I'm getting some more info on what specifically was done on the rehab, and that will definitely have a big impact. Just curious if these look like realistic assumptions. I think I may need to raise the maintenance percentage a bit maybe? Also, tenant pays all utilities.
Most Popular Reply
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Nearly all my properties in the same zip code in South Jackson. Most of my investment properties were bought at $25 a square foot as opposed to your $38. The one I have that rents for $865 a month is slightly larger than your house although it has only 3 bdrms. It has a two car garage. I paid 30K for it.
What you are being offered here is a retail price.