Purchasing a SFH property

[Quentin Lester]

Hey I am looking to purchase a SFH but the ac unit and hvac are from 2004, the home also needs a proper roof due to moisture issues or maybe just a coating on the roof a and wanted to know if its worth to pursue this deal? This home is close to the water and a great area and this home does not cash flow the best but I would make about 250$ on the home. I am thinking that this home will appreciate well over time and can cash flow. would appreciate any feedback thanks

[Michael Dumler]

@Quentin Lester put in an offer that works for you based on your renovation budget and determine if the seller will entertain it. You won't know until you pull the trigger. Work with an investor-focused real estate agent to help you underwrite the offer and negotiate on your behalf. $250 per month in cash flow is decent in my opinion, but investment goals are entirely subjective. Since you mentioned that the property is close to the water, make sure to account for flood insurance in your analysis. Hope this helps!