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Updated about 5 years ago,

User Stats

23
Posts
10
Votes
Michael Balcom
  • Rental Property Investor
  • Fort Myers
10
Votes |
23
Posts

[Calc Review] Help me analyze this deal please

Michael Balcom
  • Rental Property Investor
  • Fort Myers
Posted

Hello BP! 

I hope wherever you are right now, you are having an amazing day! I am working on a deal and need a little help. This is my first deal since joining bigger pockets and study real estate like my life depended on it! Below you will see my calculations for a duplex in South Florida, concrete block, 3/2 on each side. This would be a buy and hold investment. 

Here is a link to the report as well: 

View report

I was texting with the seller yesterday (FSBO) and asked him the following questions:

1. What is each side rented for and for how long?

2. Do any repairs need to be done?

3. Why are you selling this property?

This was his response :

I looked up the tax records and he bought it in 2009 for 83k.

I am thinking of offering 190k cash or 215k with seller financing. Please let me know your thoughts on all of this. I am open to any and all suggestions! 

Thank you,

Mike

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