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Updated 12 months ago on . Most recent reply

User Stats

4
Posts
1
Votes
Vahan Balekian
1
Votes |
4
Posts

First deal - A Foreclosure?

Vahan Balekian
Posted

Here's the deal:  $
* $330k asking with $500k+ comps
* $1350 sq ft
* 2+2 w/ 2-car garage

It will cashflow in today's market.  But the tenant cannot be bothered and sold as-is.  The condo is on a PGA golf course - you can walk onto the course from the back patio.  It's the bottom unit of a 2-story.  Is it worth the risk if (a) the tenant is non-compliant and an eviction process is needed and/or (b) there could be major repairs needed. 

Is it worth the risk?

  • Vahan Balekian
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