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Updated about 8 years ago,
Help me with My first deal analysis - Charlotte NC
Would the community be so kind to help with my first deal analysis?
You can view my report here. https://www.biggerpockets.com/buy_and_hold_results...
The property is here: https://www.redfin.com/NC/Charlotte/2326-Olando-St...
I used 65k as the purchase price as I believe that it is worth. Not the 100k they are asking.
I also couldn't find the tax information on this property so I used what they had in the listing.
Please note , this is merely a training exercise for me but would be a real life example of what I would be prepared to invest as a newbie REI in charlotte, nc.
I am looking for at least $200 per door and a 12% return on investment over time.
Is this even enough information for you guys to help me? Thanks so much.
Eager to get started but also gun shy. :)