This Deal seems to Good to be True..

[Corey C.]

View report

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

I have a much more detailed spreadshseet analysis and CMA of this property to provide more context. The listing price is actually $99,900 and the CMA I did puts it at $223,908. Keep in mind no value adjustments were made so I don't know how much that throws off the estimate. Most of the repairs have been either finished or started. Most of the supplies to finish the rehab/repairs are at the property just waiting to be picked up and started again. The seller is listing "as-is" cash only and wants accompanied showings with a proof of funds before he shows it. 

This would be my first property investment so I want to make sure it's the right move. I'm stuck in the analysis paralysis phase right now and need to get out!  

[Corey C.]

@Eddie Egelston

Wife is a realtor. I used the CMA tool on the MLS, like I said I'm new. I tried to figure out the value adjustments but it's confusing and I'm not an appraiser. I did my best with what I had and what I've learned. I appreciate your feedback but it seems you just couldn't wait to tear this apart. I also mentioned I have a more detailed analysis that factors in the other costs in more detail but you rushed through my post in a hurry to **** on it. I also have residential construction experience and have a good idea about what repairs cost. I thought BiggerPockets was a positive community with professionals who provided constructive feedback, I must be mistaken. Thanks again.