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Updated over 9 years ago,

User Stats

107
Posts
19
Votes
Henrietta M.
  • New to Real Estate
  • Ogden
19
Votes |
107
Posts

Need help with very cheap small town missouri SFH

Henrietta M.
  • New to Real Estate
  • Ogden
Posted
  1. I definitely need help analyzing's this deal! Here is the situation:
  • 13,000 population in entire county of Missouri small town
  • Owner is very motivated, says large lot is included, which house was built on
  • 3/1-unfinished bsmt-yard-kitchen furnished
  • rented consistently $375 monthly
  • hard to find comps because town has only 3,000 ppl
  • owner said bought it 10 yrs ago for $31,500 and is now asking $25,500...I got price down to $18,000

MY QUESTIONS:

1- How do I calculate sq footage and ARV Correctly? I believe I may have done it wrong 👎

2- How could I even get someone out there to inspect it? I should of had this done or at least planned out

3- Why was I CRAZY ENOUGH & UNPREPARED BUT still got a quitclaim deed and had her sign over interest?! I'm a wee bit WORRIED!

SUGGESTIONS??

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