Help analyze 1st deal

[Stephen Meyers]

So I'm really interested in this house. I'm going to look at the home later this week with my realtor and contactor. They are asking 119k which is why overpriced. The house was built in 1959 and definitely needs a rehab. They wanted 95k for it in February. I'm going to offer 85k and start negotiations there. Please help me with this analysis process. I am trying to figure out all of my numbers. Any information I can provide let me know. Thanks BP