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Updated over 5 years ago on . Most recent reply
[Calc Review] Help me analyze this deal
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Hi folks!
Terrified of my very first deal, would really appreciate your input! Its a nice SFR, B-/C+ area. Deal is from a fellow well known BPer. It's probably not the best deal in the world and my offer was for his asking price. I want to learn, I want to get in this. Numbers work so what do you think? 3 bedroom 2 bathroom, Section 8 tenant in place. Property is very clean inside and out, looks like the tenant takes care of it.
Appreciate your advice!
Most Popular Reply
@Ricky Nigro I wouldn't touch this deal because the cash flow does not meet my requirement nor does a 4% return excite me. I would offer a lower amount or keep looking for another deal.