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Updated almost 5 years ago,
Subject 2 deal, need help analyzing!
Analyzing a subject to deal in a small central Texas town. But I need help to know if this is a good property or not. 3 bed 1 and 1/2 bath, $5k to get the property, ARV between $105k-$110k and just under $95k left on the mortgage. Built in 1967 but updated in 2017, 1246 sq ft gross living area, with a 500 sq ft carport attached to the house. Payments (including PITI) are $875 a month.
How would I structure this deal to avoid due at close, and how could I market this after as FSBO? I don't have any current pictures, but I do have the appraisal from 2018.
Itching to get my first deal done, but don't want to buy a bad property. Any help or suggestions would be greatly appreciated.