does this deal look good?

[Jason Schmidt]

I found a website that is local here, and it looks like they are offering property while doing the math for you. This property for instance, they say is worth $130k, but the asking price is $93,900 noting that there is equity of $36,100 already built in. (28.46%). They then proceed to do the numbers below:

deal, or scam??

[Erion Shehaj]

I know I'm super late to this party - but better late than never.

@MikeOH Care to explain your math - What expenses did I leave out? Also, asking price was 93,000 - At the time you needed 10% down to purchase investment property with conventional financing so your loan amount is incorrect.

@Dwayne Please don't add insult to injury. YES - our tax rate is pretty close to 4% :-)

@Jason If you ever have a question about any deal we post on our site - don't hesitate to call and I can explain how we get to the numbers. We have paperwork on everything.