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Updated about 2 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Bevin Bankston
  • Rental Property Investor
  • Rhode Island
1
Votes |
6
Posts

Need help evaluating this deal

Bevin Bankston
  • Rental Property Investor
  • Rhode Island
Posted

Good Afternoon,

The property listed below is going highest and best on Wednesday. It is currently listed for 459,000 but I expect to enter a bidding war. Even at 475,000 I can see this being a great property. The numbers look very good for me and I would love to hear what you have to say.

This will be my second property. This time I will be using a VA loan to acquire the house. And personal funds to bring the house to market standard rents with new floors/paint. It is a 4 family which in the area should net in the ball park of 1800 per unit.

I plan to go in do the repairs and raise the rents to standard and hold through the coming years. Any advice will be appreciated deeply.

Thank you in advance, The break down is below

https://www.biggerpockets.com/...

Very Respectfully,

Bevin Bankston

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