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Updated over 11 years ago on . Most recent reply

User Stats

43
Posts
8
Votes
Robbie Case
  • Needville, TX
8
Votes |
43
Posts

Working on my first deal

Robbie Case
  • Needville, TX
Posted
Here are the details: Asking price=62,000 ARV=~85,000 Tax assessment value=88,000 Taxes=2,056 (last year) Repairs=10,000 The negotiations have come to a halt at 50,000. The seller is firm at this price. I'm looking to owner occupy this property while it is being fixed up and refinance out of the FHA loan as soon as it is seasoned. At that point I plan on renting it out. I just wanted to get a second opinion from my own.
  • Robbie Case
  • Most Popular Reply

    User Stats

    431
    Posts
    106
    Votes
    Steve K
    • Investor
    • Orlando, FL
    106
    Votes |
    431
    Posts
    Steve K
    • Investor
    • Orlando, FL
    Replied

    Seems like a pretty reasonable deal to me.

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