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Updated over 6 years ago on .

User Stats

7
Posts
1
Votes
Sarah Manshel
  • Professional
  • Trinidad, CO
1
Votes |
7
Posts

[Calc Review] Help me analyze this deal

Sarah Manshel
  • Professional
  • Trinidad, CO
Posted

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Hello!

Working on our first deal and need some extra eyes on the numbers. I feel like the numbers are pretty good, we want to average $200 cash flow, which it hits. Our main concern is that there are some repairs that need to be addressed. Some electrical work, plumbing, structural and general fix up stuff. We can only budget $7,000 for repairs as the downpayment is higher because it is a multi-unit property, which we just found out about. We will do most of the general stuff ourselves. We are nervous that we won't have enough money to do the bigger items over time. But plan on selling it within the next 5 years and maybe be able to bypass some of the large ticket items that aren't pressing. Plus the inspection came back as having possible asbestos in the ceiling tile. How do most people handle this? Walk away? Leave it alone? Drywall over it? Any advice is much appreciated!