Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 11 years ago,
REO Property - looks like a good deal, but is it?
Details:
List price $71k
Arv $115k
Repairs $25k - use credit card at 0% for one year.
Rent $850
Cash offer $50k.
Buy and hold , rental property.
Cash on cash 6.45%?*
Cap rate 6.45%? *
*Not sure about these numbers though.
What do you think? Deal or no deal? What would make it a good deal?
Thanks