Beginner help

[Elijah Jay Dangerfield]

http://www.zillow.com/homedetails/717-Ewing-Blvd-M...

Hello, my name is Elijah, before I start my real estate investing I want to become well versed with properties and their potential value. I wanted to know if any of you think that his would be a good propert to buy, repair and then rent. I figure it can rent for rift around 1800$, especially after repair, I know the pictures aren't very helpful, but any thoughts you might have would help.

[Jaysen Medhurst]

@Elijah Jay Dangerfield, I think your rental estimate is pretty optimistic. I did a quick Craigslist search and 3/2s are renting for much less. I saw 5 bedroom rentals in that price range. Even if you rented by the room to college kids, you'd probably only be around $1350/month ($450/room). Not sure if you've got the stomach for college rentals. It can be a good business.

I think you really need to run some realistic numbers. That being said, it might be a great deal, if you don't have to put a lot of money into rehab.

Get your numbers together, post them here. Lots of BP members are happy to give you a good assessment.