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Updated almost 7 years ago,
Practicing Analysis on 4-Family Foreclosure, Beast or Bust?
Hi BP community,
I'm struggling to understand why this deal screams so loudly at me. Hesitancy has gotten the better of me and I'm surely missing something in my analysis here (<-- hyperlink to report). It's a foreclosure property in a B-C neighborhood. 4-family, total rent roll of $2770 (1 unit section 8), foreclosure valuation of $64k. I feel as though I covered most of the bases, I just want to find out from you all what I could possibly be missing or not thinking to consider. I even increased the vacancy to 20% because the neighborhood average vacancy is a whopping 24%. Could you wonderful guys and gals give this a once over and let me know if there's something I'm missing the mark on? I would love to know if this actually is a diamond in the rough or if it's a bust.