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Updated over 8 years ago,
Help first real deal possible
Hello so I found a house in Baltimore. It was on Craigslist for 17k already rented. Non section 8. I contacted the seller and he answered some of the questions I had. He is a wholesaler and has a total of et. 6 properties in the same area. 4 out of 6 are NOT rented. I am personally interested in rented properties. Here is the breakdown. I am trying to figure out if it is a good deal and what I should be asking or how should I be running the numbers.
House 1
3br/1ba tenant occupied $750 per month asking 17k
House 2
3br/1ba tenant occupied $900 per month asking 17k
The others need "lite rehab". He said he would sell all 6 for 100k. I just need some help wrapping my head around this.