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Updated about 2 years ago,

User Stats

37
Posts
19
Votes
Ace Goodrich
  • Phoenix Metro, South Florida
19
Votes |
37
Posts

What would a buyer want to see in this deal?

Ace Goodrich
  • Phoenix Metro, South Florida
Posted

Hi BP community! 

This is the first investment I've done and it's currently pending offer acceptance.  Although I would love to handle the management on this (the cash flow alone is nearly $50K a year) and  the property is recently renovated and in very good shape, the right buyer will come along.


My question is: What questions would a buy&hold and-or BRRRR buyer ask to make sure this is a good deal for them?


Property Info:

Single-family residence buy & hold, long-term month to month tenants investment.

Purchase price: $590,000

Duplex 2/1 + 2/1  1500+ sq ft. Single story, parking for up to 6.

What made you interested in investing in this type of deal?

Cashflowing first investment in a neighborhood poised to appreciate.  

How did you find this deal and how did you negotiate it?

Thru a local agent who uses OneHome portal.

How did you finance this deal?

Private lender

Thank you in advance!

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