Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 Landlording & Rental Properties
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 7 years ago, 07/25/2017

User Stats

24
Posts
2
Votes
Anna Stratton
  • Waynesville, NC
2
Votes |
24
Posts

Help analyze my very first deal

Anna Stratton
  • Waynesville, NC
Posted

I am new to BP.  Spending lots of time here for a few months, reading, looking at lots of properties, analyzing deals, studying  strategies, and talking to more experienced folks. I would like to ask a few of you for help with a couple of concerns unique to this property. 

I want to keep this for long term rental. 

It is not a great deal at its current asking price. Of course, I will put in a bid for the price that will make it a great deal.  I have run every possible scenario on the calculators, but will try to keep this short, so didn't include here. 

It has been on market without sale for 3 yrs. it's rented now and needs some freshening up only. The owners inherited and are uninterested in it. 

-this is a large lot with 3 single family homes.  Is this a concern when trying to resell a property like this? Is there a reason why buying 3 homes on  a single lot is not favorable? 

-I suppose it could be subdivided, is there an advantage to do this?

-any recommendations on information/resources specific to where to get the most "bang for buck"for forced appreciation?

Thank you for any thoughts and direction. 

Loading replies...