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Updated almost 5 years ago,

User Stats

3
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0
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Matt Mandery
  • New to Real Estate
  • Indianapolis IN
0
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3
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[Calc Review] Help me analyze this deal

Matt Mandery
  • New to Real Estate
  • Indianapolis IN
Posted

View report

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

Hello Forum,

This is my very first post to the community so hello.  I have been doing daily deal analysis for 2 days now and have found a property I thought was pretty good but I had some questions on my estimations.  I realize that the best way to find these exact numbers will be to talk to an agent, contractor or property manager but I am just starting with none of those connections and am simply in the learning phase at this moment and am hoping to get a better general idea for repair costs.  

I found this Quad unit deal that was built in 1915.  The numbers are not bad but I have no idea what the cost of doing paint, new flooring, bathrooms, kitchens etc. The buildings interior look pretty beat up but no dents in the walls or anything.  Carpet looks old but floor is whole. Doors are missing or unhinged, etc.  I also noticed the basement is not finished and would have no idea if that would be a requirement before renting out.  Any general thoughts on these items would be really helpful.  

Side question: If a listing states "Tenate Pays all utilities" does that mean Electricity, Water & Sewer, and Garbage? 


Thank you very much for the help and time. 

Matt

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