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Updated almost 2 years ago,
Should I buy this deal
Asking: $529,950
Estimated rehab: $75k
EMD $35k
COE: Feb 15, 2023
This is a duplex in Lynwood, Ca. Front house is 2/1
Back unit 2/1 sits on top of 2 car garage. R3 zoning.
Lot 7,000 sq ft
Last 26 days of similar comps $709k
This is Los Angeles. Rent questionable. The 70% rule says to max offer $497k
I was still thinking of offering, & possibly using Springboard lending. Any suggestions??
Should I pursue this property??