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Updated over 5 years ago,

User Stats

36
Posts
25
Votes
Lynne Smith
  • Rental Property Investor
  • NJ
25
Votes |
36
Posts

First deal - foreclosure

Lynne Smith
  • Rental Property Investor
  • NJ
Posted

Property is an attached SFD (townhouse/pud)

List price 138,000

Condition = unknown, currently occupied by tenant, no access allowed

Gross rent is 1775 per month

I'm guessing (?) it will be a cash only deal since there is no access to the property. Wouldn't be able to get an appraisal. I think once I close I could do delayed financing.

Neighborhood is B/B+

Other homes similar square footage and bedroom and bathroom count have sold for 185k and 193k in the past year. Both in good condition with the 193k being updated and in excellent condition