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Updated over 2 years ago on . Most recent reply
![Wayne Hampton's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2478180/1695250024-avatar-wayneh121.jpg?twic=v1/output=image/cover=128x128&v=2)
Looking for some advice on a potential deal
I am looking at a 3 unit 3000 sq. ft. (potential for 4 or 5) priced @ $135,000. 2 of the units need updated, potentially just gutted. The siding will need to be painted and eventually changed to vinyl siding along with 28 new windows. I offered $105,000. Seller came down to $120,000 and won't budge off of that price. I can't decide if I should go ahead and give them the $120k or move on. Currently the 3 units rent out for $500 a pc. If updated they should easily rent out in my area for $650 to $750 a month. I think that @ $120,000 it is still a good deal and would like to do a buy, rehab, rent and refi. Just looking for some advice. Thanks!
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![William Harvey's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1881414/1661904337-avatar-williamh491.jpg?twic=v1/output=image/crop=1600x1600@0x415/cover=128x128&v=2)
@Wayne Hampton I plugged this into our cloud-based analyzer and here is what a BRRRR might look like. Seems like it'll cash flow and isn't a bad deal at all. I didn't have all of the variables so this might be off, but you can take a look and tweak. Hope this helps!