What Would You Do and Why?

[Richard Samaniego]

The cash flow on this property is tremendous.  It’s listed at $59K but we agreed on $50K. It is fully occupied and the revenue is $1800/month.  Upon inspection, it needs about $12K worth of work.  I will need about $25K out of pocket for down payment, closing costs, and the repairs.  The seller does not want to negotiate any repairs.

Should I close on this deal or should I save my money so I can close on multiple deals?  Please help me decide.  Thank you!