Updated almost 7 years ago on . Most recent reply
First Deal! What do You ThinK/
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The average rents in this C neighborhood for a 2-1 and 1-1 are 1600 total which are currently renting at 1200 which we would raise each unit $100 each after the tenants move out. The roof is 5 years old and there are only AC wall units so capex should be low. We are under contract at $100,00 and I will be going to look at them during the inspection. Most of the comps for the area for 3-1 single family 1k sq ft are around 140k so I think we are buying at the right price. Any advice for a first timer during an inspection? Is this deal worth it? Thanks!
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@Charles Wang. Your vacany, repairs, capex all seem low. Also why are you using estimates (percentages of rent) for insurance, taxes? You need to get the actual numbers for those things