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Updated about 11 years ago,

User Stats

38
Posts
4
Votes
David Mora
Pro Member
  • Rental Property Investor
  • Santa Rosa, CA
4
Votes |
38
Posts

I need Help to Analyze this deal

David Mora
Pro Member
  • Rental Property Investor
  • Santa Rosa, CA
Posted

so I got a call from a wholesaler about a deal in mill valley ca. which is an affluent area of the San Francisco Bay Area were properties values are high

the guy wants 950,000 negotiable but seller will take 250,000 to take over note. its a 3 bed 3.5 bath 2500 sq ft property with in law suite 1 bd. 1 ba.can rent for 1500 a month the house can rent for 4500-5000 its repair costs are slim to none mabe acouple grand if wanting to pruce it up a bit more.owner owes 650,000 on property comps in neighborhood are 1.1 to1.3+million he is moving to Dubai .I guess my question is would this be a good deal for a buy and hold investment?

  • David Mora
  • Loading replies...