What do you think of this Pre-Foreclosure?

[Benjamin Barredo]

Hey guys. I came across this pre-foreclosure on Zillow while doing my homework and practicing filling out deals.

It's a tiny 2/1 832 sqft house with a selling price advertised at 18k.

I thought maybe I could get it for 8k (is that dreaming?)

Anyway, I'm going to be brave and share my analysis. Yes you may laugh but please don't belittle me.

I'm no pro, I'm a newbie starting out.

From the outside it looks okay but I saw that it didn't mention any renovations since it's construction in 1945 so I'm guessing it'll need a new roof and some major stuff inside. The good thing is it is a small place and it's in an area of town that is a C- but close enough to campus that I think I could get some college renters. I think I could get $750 a month out of it. It's on a pretty good size lot and the neighborhood looks clean (at least on Google street view).

This is just a preliminary. If you all think it's worth looking into, I'm going to go down there and look around before knocking on the door.

Since it's a Pre-Foreclosure, do you think I might still be able to deal with the owner? How would I do that?

Again, advice and constructive input wanted. Smart-&ss$s can stay silent...unless you're funny. I like funny.

https://www.biggerpockets.com/calculators/shared/486581/8bed17a1-2788-49ee-9d6c-ebf2ca13ac3f