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Updated about 5 years ago on . Most recent reply

Geren Knight III's profile image
Geren Knight III's profile image
Geren Knight III
  • Investor
  • from Cumberland, MD
  • Member since Sep 18, 2019
  • Posts 45
  • Votes 13
  • Experience 6 Yrs
  • Investments 2
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45
Posts
13
Votes
Geren Knight III's profile image
Geren Knight III's profile image
Geren Knight III
  • Investor
  • from Cumberland, MD
  • Member since Sep 18, 2019
  • Posts 45
  • Votes 13
  • Experience 6 Yrs
  • Investments 2
Connect
Geren Knight III
  • Investor
  • Cumberland, MD
13
Votes |
45
Posts
Real Estate Deal Analysis & Advice

[Calc Review] Help me analyze this deal - First Rental

Geren Knight III
  • Investor
  • Cumberland, MD
Posted

View report

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

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Richie Thomas's profile image
Richie Thomas's profile image
Richie Thomas
  • Rental Property Investor
  • from Sedona, AZ
  • Member since Aug 18, 2018
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258
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141
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Richie Thomas's profile image
Richie Thomas's profile image
Richie Thomas
  • Rental Property Investor
  • from Sedona, AZ
  • Member since Aug 18, 2018
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Richie Thomas
  • Rental Property Investor
  • Sedona, AZ
141
Votes |
258
Posts
Richie Thomas
  • Rental Property Investor
  • Sedona, AZ
Replied

Hey @Geren Knight III, unless you've toured the property with a contractor and they've quoted you $10k for your repair budget, it might be a good idea to budget more than that for up-front repairs. I would expect a property that is selling for $42,000 to need quite a bit of work to get it to an ARV of $84,000.

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