Should I buy this deal

[Jonathan Cisneros]

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??

[Bob Stevens]

Quote from @Jonathan Cisneros:

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??

 Depends is this to live in or a rental ? If rental we do not know what the rent will be, so we cannot answer this question. 

BTW if you do not know then you should not be buying :) PLEASE show it to someone with experience, Learn then apply what you learn 

All the best