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Updated over 17 years ago, 05/16/2007
You found a property birddog?, Good Boy!
I am a new birddog but i read the birddog 101 article and have it memorized. I found this lot with two almost identical houses next to each other. I think they would be NOT be classified as a rehab but they are kinda shabby, i cant see inside. The houses are in the perfect location east end rich side of town, seriously. This is what i got so far:
Max Selling Price 1: N/A (Cash Flow)
Acquisition Cost 2: - 1000
Repairs (estimated) : - 1000(cant see inside)
Four month Average. Hold Cost : -(not a rehab)
Min Profit (15%) : - N/A monthly cash flow?
Misc expenses (5%) : -1500 (paint, bushes, etc)
Cost to Sell (5%) 3: - N/A cash flow
Max Purchase Price :
Additional (Not covered by loan) expenses : N/A
It would be the ideal cash flow investment. I mean they would need a little cleaning up but not a rehab. So i want to put an option on this i would go contact the owner or the realtor? Draw up a contract then pay'em so much a month to keep the option valid and then advertise the property? Should i try and make some rehab contacts?
Thanks-(Im new)