Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

7
Posts
0
Votes
Fred Hess
  • New Jersey
0
Votes |
7
Posts

Help me analyze this deal

Fred Hess
  • New Jersey
Posted

I am looking into my first real estate investment property. It is an off-market turnkey rental property that already has a tenant placed. The tenant has been here for 18 months and is interested in signing a 1 year contract with new owner. The property is 1 half of a duplex built in 1920 (C property in a C neighborhood). 3 beds 1 bath with a finished attic being used as a 4th bedroom. For the area, the house is in pretty good condition. My main concerns is the unknown age of the roof (10+ years), original windows (roughly 12 total), and the 5 young children that will be living in the house. 

The seller is asking $100,000 for the property, and I listed $90,000 as the purchase price in my estimates. Please take a look at my numbers and let me know your thoughts on the deal. Thanks!

Loading replies...