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 over 8 years ago, 05/20/2016

User Stats

293
Posts
88
Votes
Melissa N.
  • Rental Property Investor
  • Charlotte, NC
88
Votes |
293
Posts

Would you buy it?

Melissa N.
  • Rental Property Investor
  • Charlotte, NC
Posted

ok here's the jist of it:

Asking $112k for a duplex in c class neighborhood.

Offered 90k because it needs about 15k of work and recent comps in the area l sold for around 90k.

Seller countered at 105 but will do the roof. 

At 100k it can cash flow $458. Cash on cash was 18%.

Appreciation hasn't been great in the past but it's in a growing area and the "path of progress" since its a hike ride to the new light rail.

Another kicker is that one of the current tenants is a sex offender. 

Would you buy it?

Loading replies...