Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 almost 9 years ago,

User Stats

96
Posts
36
Votes
Leah Bonner
  • Specialist
  • Roanoke, TX
36
Votes |
96
Posts

Is this a worthy deal?

Leah Bonner
  • Specialist
  • Roanoke, TX
Posted

Hey BP

got a call of a bandit sign, He is very motivated because he is moving out, this would be our  first deal. 

we went to look at the house its really not in that bad of shape, needs a new roof and a couple cosmetics, and a very small foundation crack 

The arv is 73,000 he is asking 33,000 so its already much below .65%

he cant go lower than 33k because that is what he owes. 

If anything im guessing i can make 1,000 (not much but its better than nothing!) 

Thats if the repairs are below 14,000. which by the looks of it, it is. (he even has a Very nice wooden shed in the back -looks like a small little house- So maybe that can add value to the house..?) 

but of course i could use expert advice! Im very excited of the potential but would like some other peoples opinion. 

Thanks Y'all! 

Loading replies...