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Updated over 3 years ago,

User Stats

22
Posts
7
Votes
Jake Lilly
  • Rental Property Investor
  • Saint Joseph, MO
7
Votes |
22
Posts

[Calc Review] Help me analyze this deal

Jake Lilly
  • Rental Property Investor
  • Saint Joseph, MO
Posted

View report

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

This would be my first BRRRR. Seller inherited the house after a death in the family. I already offered 50k cash, + closing costs + brokers 3% commission. The offer was made prior to being listed. The seller declined because she has to split the inheritance 3 ways, and wants to see how the week goes with showings after being listed. I believe that the will be listing for around 75k-80k, which I think is too high with what all needs done, but quite possible for someone who wants to slowly make improvements on their own gradually. It's possible she comes back to reconsider my first offer. 

I believe the ARV is accurate but I can't be positive. At first I thought it to be conservative, but the sq footage of the house says only 672sq ft. I also over estimated costs, since this will be my first BRRRR and I have never flipped a home. 


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