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 7 years ago on . Most recent reply

User Stats

177
Posts
76
Votes
Trevor Lohman
  • Investor
  • Redlands, CA
76
Votes |
177
Posts

What do you think about this deal?

Trevor Lohman
  • Investor
  • Redlands, CA
Posted

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

User Stats

1,142
Posts
762
Votes
Susan Maneck
  • Investor
  • Jackson, MS
762
Votes |
1,142
Posts
Susan Maneck
  • Investor
  • Jackson, MS
Replied

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. 

Loading replies...