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Updated 3 months ago on . Most recent reply

Rick Grimsley's profile image
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Rick Grimsley
  • Investor
  • from San Diego, CA
  • Member since Apr 2, 2010
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Rick Grimsley's profile image
Rick Grimsley's profile image
Rick Grimsley
  • Investor
  • from San Diego, CA
  • Member since Apr 2, 2010
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Rick Grimsley
  • Investor
  • San Diego, CA
5
Votes |
30
Posts
Real Estate Deal Analysis & Advice

Would you buy this??

Rick Grimsley
  • Investor
  • San Diego, CA
Posted

Hello all,

Looking at a 3 bedroom 2 bath built 1970 in a fair part of memphis.

Price 39,000
Repairs 10,000
ARV 77,000
Rents in the area 925

Would you buy and hold?

Thanks for your thoughts!!

1 Vote
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Jeffrey K.'s profile image
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Jeffrey K.
  • Real Estate Investor
  • from Milwaukee, Wisconsin
  • Member since Jul 22, 2008
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Jeffrey K.'s profile image
Jeffrey K.'s profile image
Jeffrey K.
  • Real Estate Investor
  • from Milwaukee, Wisconsin
  • Member since Jul 22, 2008
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Jeffrey K.
  • Real Estate Investor
  • Milwaukee, WI
671
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1,312
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Jeffrey K.
  • Real Estate Investor
  • Milwaukee, WI
Replied

Eric,

They are using rules that take those into account.

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