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Updated over 17 years ago on . Most recent reply

Damien Hall's profile image
Damien Hall's profile image
Damien Hall
  • Investor
  • from Washington, DC
  • Member since May 19, 2008
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User Stats

90
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16
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Damien Hall's profile image
Damien Hall's profile image
Damien Hall
  • Investor
  • from Washington, DC
  • Member since May 19, 2008
Connect
Damien Hall
  • Investor
  • Washington, DC
16
Votes |
90
Posts
Real Estate Deal Analysis & Advice

Is this a deal

Damien Hall
  • Investor
  • Washington, DC
Posted

I have an investor selling a house for $210K. The house has a tenant that pays $1,500/mo. The comps in the area range from $275K - $330K. I was going to finanace with hard money lender with 75% LTV and 6 mo terms. The plan is to do minimal repairs as a tenant already lives there and flip the house by the 6 mo deadline.

Does this sound like a good deal? Any thoughts would be helpful!

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