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Updated over 5 years ago on . Most recent reply
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[Calc Review] Worst case scenario deal?
*This link comes directly from our calculators, based on information input by the member who posted.
I'm looking at a duplex near our historical downtown area that's only 3 blocks from 2 separate catholic schools and a small drive/bike to shopping, museums, historical landmarks and downtown. Seller is asking 25k but condition of duplex and the lack of interior photos has me nervous. So when analyzing the deal I overcompensated on repairs, undervalued how much it would sell/rent for and included a very long rehab time (mostly because of how new I am and because winter will be coming up in a few months). The only thing that I undervalued was my offer. 14500 to me seemed like a reasonable offer for sight unseen, as is. Maybe if I could negotiate taking a look inside I could offer more?
Despite the inflated numbers, the deal seems to be a good one. Or am I using the calculator wrong? This is the first time I've tried to use the calculator seriously, so I was hoping to get some feedback on what I did right or wrong, and if this is a deal i should seriously look at. Literally ANY input is appreciated. Whether it's my nose looks weird in my profile pic or that my numbers are ridiculous, I will thank you a thousand times over again