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Updated over 7 years ago,
Potential first property
Hello, I’m new to REI and I have found a property near a college campus 7 minutes away or so. It is a 16 bed, 6 bath, 4 kitchen and a little less than 4,400 square feet and it has its own parking lot. They’re asking 90,000 all cash and it needs to be updated and freshened up to be rent ready, not looking to put high end stuff in the home it’s not a high end area so I think 65,000 for a rehab is good. Now since I’m new to analyzing deals I wanna be sure if what I’m looking at is a good deal or not. Is their any help someone can give me on this property? I’d like to know if this would I be worth my time and given this would be my first deal, I understand this might be a big one but I don’t wanna let a good deal go by me. Again any answers or pointers would I be greatly appreciated!
Also if their are any numbers I left out that you need to know just ask and I’ll answer them ASAP thanks