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 over 8 years ago on . Most recent reply

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...