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 about 16 years ago on . Most recent reply

User Stats

12
Posts
0
Votes
N/A N/A
0
Votes |
12
Posts

please help with potentil first deal

N/A N/A
Posted

The 2 realtors I am working with are telling me that this is a good deal for the area. I am not so sure. Here are the details:

3BR 1/0 row in a good section of Norristown, PA. IMO the entire area is in a growth phase. The place is in GREAT shape. Is tenant occupied, and they pay ALL utilities. Seller is asking 73,000. I was going to offer 65,000. Could be appraised for 85,000-90,000 easily. This property has only been on the market for 18 days. Market rent for a 3BR on this particular block around 950/mo. 2008 taxes were 2225. Will be financed using a LOC @3.99%. Hope I have given enough info for the board to consider.

Thanks in advance!!!!!!!

Loading replies...