Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
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

User Stats

14
Posts
15
Votes
Ryan Hodges
15
Votes |
14
Posts

Analyze this deal - Washington State - Pacific County

Ryan Hodges
Posted

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

User Stats

14
Posts
15
Votes
Ryan Hodges
15
Votes |
14
Posts
Ryan Hodges
Replied

@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. 

Loading replies...