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Updated almost 9 years ago on . Most recent reply
Help analyze 1st deal
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
Most Popular Reply
Hey @Stephen Meyers
It seems odd that they've upped the price by 24k - Maybe they've just finished some major upgrades themselves?
You didn't mention what you want to do with this property. Are you looking to tenant it?
You can pretty much start at www.biggerpockets.com/calc and pick the calculator that best suits your exit strategy. You'll learn how to do it by figuring out how to fill in all of the boxes in the calculator.