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Updated almost 10 years ago on . Most recent reply
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I'm trying to do my first deal and need help!
I have a house lined up that I want to make an offer on. The owner has dropped his price to $93000 other houses in the neighborhood are selling for $109 to $140 it's a 3 bed 2 bath with a double garage. The work it needs is cosmetic mostly. Im going to offer $85 it's in a very desirable area. It would be my first deal so I need a lot of help. Can someone help me.
Elizabeth
Most Popular Reply
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@elizabeth
@Elizabeth Atkinson, I'd usually think it best to have all of your ducks totally lined out before moving on the property. Do you have any idea of:
- 1. Your repair costs
- 2. Your holding costs
- 3. Your monetization strategy (rehab and sell, repair to rent, etc)
If you provide some details I'm certain there will be some great feedback.