Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

User Stats

124
Posts
9
Votes
Marc Oister
  • Investor
  • pottstown, PA
9
Votes |
124
Posts

Wholesale advice

Marc Oister
  • Investor
  • pottstown, PA
Posted

I have ran into two properties today from a direct mail campaign in the Phoenixville and Boyertown areas. 

  The first one is in Phoenixville.  It is a Two unit with a 3br 1.5ba main house that is 1000sq. ft. that is partially finished with the full bath on the main floor and half upstairs.  Another thing is that the bedrooms are all small.  I would actually classify it a 2br with a small office.  The second unit is a 1br that is roughly 650sq ft. and is above a 2car garage.

 I have went to look at the property today and decided to not give an offer because my numbers were based on the info I have gathered off zillow, redfin, and other sites that states nothing of the partial rehab to the main house, and the full garage/apartment and driveway addition that has been done.  I am able to find comps for the main house, but don't know what to add on for the additional garage that has been built on the lot.  Any thoughts on what a new construction of a 3 car garage with 1br above would cost so I can figure out what to add on to my offer.

The second property in Boyertown needs a nice bit of work, but the main problem is that the septic system is failing.  I feel that should take a substantial amount off of the offering price due to the septic systems condition.  

Loading replies...