Duplex rehab

[Donald Patterson]

I am considering this deal for a buy and hold....this is a duplex that needs rehab. Haven't started negotiating price yet, but I know I'll have to get he owner to come down on the asking price. Just wondering what some of you might do to make this a good deal for both myself (the buyer) and the seller.

ARV = $250K
ASK = $160K
Avg Rent in area = $900-1200
Repairs < $55K
3bdrm/1bath 940sqft 

BP'ers...please give me your thoughts, ideas, or suggestions. Thanks very much.....

[Rob Gleason]

This looks kinda expensive to me, even before you factor monthly expenses: taxes, water, sewer...etc.  AND  $55k for repairs?  An all cash offer is always a motivator but in this case that still might not be enough make this a good deal for you.