Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 4 years ago on . Most recent reply

Analyze this deal - Washington State - Pacific County
House is located at 6505 V Pl. Long Beach WA
Bank foreclosure, opening bid 163k, can only view from the street, currently occupied, 6 acres, ~2000 sq ft house, two large two bay shops, and has a large pond with a dock in the back yard.
No other tax, liens, or judgments other than it may have 4-6 months of water bills that will need to be paid by the new owner.
Assume you're me... I own property down the street and want to continue investing in this area. I have cash to purchase and would like to either add to my rental portfolio, sell owner financed, or flip/wholetale. Would this deal interest you? What max price point would you consider? What exit strategies would you drop/consider at various price points?
Most Popular Reply

@Sherief Elbassuoni , of course.. But I'm just curious to know what others might think of this deal just to see how on point or how far off base I am. I actually purchased it for 180k with the possibility of long term buy hold in mind. I found a lender that is willing to refinance and let me sell on a contract without pulling a due on sale clause so I think that's going to be my strategy here.