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Updated almost 5 years ago,
Newbie- Advised needed
Hi Everyone,
Looking for some advised or opinion here.. I am new to real estate investment world and have been doing a lot of property research in my local area.. This property was just listed and it seems to need LOTS of work- the current price is $100,000 the house has foundation problems (not sure how deep) and needs rehab work- House built in 1940 2,500 sq. ft 5 beds/3baths. The comps around the area 200k - the house next door sold in Dec 2019 for 190k 3 beds/2 baths 1600 st ft. I guestimated around 70k on rehab work.. Please see the picture and let me know your thoughts... My husband (business partner) believes this is way too much work for our limited experience... Thanks.