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Updated over 9 years ago,
Need help with very cheap small town missouri SFH
- 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??