First deal, need advice..

[Andrew P.]

Hi,

This is my first real estate deal. Looking at a condo about 1000sqft listed for 135k.

Now it needs new paint, new carpet (or laminate floors instead) and the HVAC is 18 years old.

For 25% down and a conservative 1 month vacancy is 122$.

I'm thinking of offering 128k with owner paying 3k-4k closing costs to have some cash for the repairs and maybe some spare for the probably upcoming HVAC replacement. 

Does that make sense?

thanks!