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Updated over 4 years ago on .

User Stats

46
Posts
12
Votes
Kimberly Vallance
12
Votes |
46
Posts

[Calc Review] Help me analyze this deal - run down good bones

Kimberly Vallance
Posted

View report

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


so, i know we don't buy a house just because there is a pool table in the basement. (and let's not discuss the outcome of that game we played during the showing...) Overall, the house is in decent shape for it's age. My inspector's report is 200 pages of detailed notes and pictures. There are 22 items that require repair to bring the house back up to rent-able. There are an additional 87 items that will need to be addressed to get full rental value. Some of these may or may not be flagged by city when I request a Cert of Occ. My repair estimate is $10k, and it was vetted by my handyman who knows I'm hiring someone else for the job. And, FWIW, this is the only property in my 1031x still available. Does this seem like a good deal? 

  • Kimberly Vallance