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Updated almost 5 years ago,

User Stats

111
Posts
15
Votes
JayCinta Henry
  • Investor
  • Mesquite, TX
15
Votes |
111
Posts

[Calc Review] Help me analyze this deal

JayCinta Henry
  • Investor
  • Mesquite, TX
Posted

View report

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


This is a duplex, 5% down with $7k estimated closing costs. I plan to do handyman/touch up repairs myself. That's why I put $1000 in repairs. I already have paints, etc. It's back in the market after 2 weeks, I think financing fell through on previous sales attempt.  I am awaiting sales comps right now but it seems to check out for the area. The property is in demand. I would love to offer less than asking but I don't see why seller would accept my offer. What would you do about that? To make a strong offer agent advised we offer to pay title insurance cost and $250 option, 1% earnest. What do you think?

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