Is This A Good Deal?

Question

https://www.zillow.com/homedetails/319-W-Avenue-B-San-Angelo-TX-76903/213360943_zpid/?

Is this a good deal?

Payton Haight · Answer

@Andrew Rodriguez what makes a good deal is subjective. It would be helpful if you defined your goals (cash flow, appreciation, etc.), plans for the property (long-term rental, short term rental, etc.), and the projected numbers (income, acquisition costs, expenses, CapEx). If you can outline your overall plan and projections for the property, then it will be easier for someone to objectively provide feedback on whether it looks like a 'good deal' based on your goals.

Andrew Rodriguez · Answer

@Jaycee Greene

I live relatively close. It sits just outside the school district I went to for elementary, but it is still in a good school district. It is also super short drive to downtown, or a nice walk. The Visitor's Center across the street with a park and small golf course nearby.

The building is currently being rented on both sides for $700 each and tenants pay all utilities. The owner is selling it on their own.

Jaycee Greene · Answer

@Andrew Rodriguez Any idea if the property will need any rehab? If it's currently fully occupied, I assume not. Otherwise, this does look like a doable deal.

Andrew Rodriguez · Answer

This property would be for cash flow, and long term rental. I am unsure of the projected numbers.

Jaycee Greene · Answer

@Andrew Rodriguez What is it about that property (319 W Ave B) that interests you? Do you live nearby? Did you grow up around there? Do you know people that live in the area?

Andrew Rodriguez · Answer

@Jaycee Greene  What information is needed so that I know for future reference?

Jaycee Greene · Answer

@Andrew Rodriguez Sorry, but there's not enough information to be able to say if this is a good deal or not.

Is This A Good Deal?

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