Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Kevin Phan
0
Votes |
1
Posts

Found my first really good deal, but I don't know what to do next

Kevin Phan
Posted

I think I found a really good deal. A foreclosure that look like it might just need some cosmetic work done. From what I learned on here is to overestimate the cost of rehab, but here are the details.

House is going for $229,000, Zillow home value estimate $370,460. 3 bedroom, 2 bathrooms, 1,848 sq ft, near a cemetery, on a major street. Window replacement, carpet replacement, yard work, need to paint the walls, patch up a hole in the dry wall. No cracks on the wall and no visible water damage on the roof. Neighborhood is okay, not the best. Houses around there go for about $330k to $360k. Been on Zillow for 30 days. Located in California

I don't have any capital, but maybe I can wholesale it. What should I do next?

Loading replies...