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Updated almost 2 years ago on . Most recent reply

Jarret Durst's profile image
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Jarret Durst
  • New to Real Estate
  • from West Virginia
  • Member since Jan 17, 2023
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Jarret Durst's profile image
Jarret Durst's profile image
Jarret Durst
  • New to Real Estate
  • from West Virginia
  • Member since Jan 17, 2023
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Jarret Durst
  • New to Real Estate
  • West Virginia
29
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55
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Innovative Strategies

Is this a Good Idea??

Jarret Durst
  • New to Real Estate
  • West Virginia
Posted

This sort of feels likes a no brainer, but want to be sure. 

Would it be a good idea to purchase a single family house for $130k that was appraised for $190k? 

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Travis Timmons's profile image
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Travis Timmons
  • Rental Property Investor
  • from Ellsworth, ME
  • Member since Aug 9, 2021
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Travis Timmons
  • Rental Property Investor
  • from Ellsworth, ME
  • Member since Aug 9, 2021
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Travis Timmons
  • Rental Property Investor
  • Ellsworth, ME
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Travis Timmons
  • Rental Property Investor
  • Ellsworth, ME
Replied

There is a reason that it is being sold 60k under appraised value. Figure out what that reason is and assess. 

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