[Calc Review] Help me analyze this deal

[Bridget Campbell]

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[Jaysen Medhurst]

@Bridget Campbell, I don't see how this makes sense as a BRRRR. You're going to put in almost $140k for a property that will be worth...$140k. Why not just by a renovated property and save yourself the time, trouble, and risk? Based on your numbers, you don't want to pay more than ~$86k to do this as a BRRRR.

What's involved in the renovation? The pictures don't really look that bad.

One thing to consider is the fact that it sold for $36k in 2013. If that's the case, there could be a lot of equity here and much more room for negotiation with the seller.

Your expense numbers look good.

Last thing to really think about is your rent assumption. How well supported is that? It's very unusual that a house worth $140k rents for $1600/month. Why? Anyone that can afford $1600/month can easily afford to buy a $140k house.