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Updated over 8 years ago on . Most recent reply

User Stats

46
Posts
15
Votes
Brian Mangum
  • Charlotte, NC
15
Votes |
46
Posts

Help me with My first deal analysis - Charlotte NC

Brian Mangum
  • Charlotte, NC
Posted

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. :)

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