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Updated about 9 years ago,
Need Help on Deal Analysis
I could use your input on a property
The house is a 3/2 1367 SF Singe family in Union City, GA
The owner is asking 60,000 my ARV is 86,200
The unit is in good condition and is currently rented for 750.00
I checked Rent O Meter and there are three properties on the same street
renting for 1000+
I was thinking of a counter offer of 37,500 applying a 2% rule on the
current rent
With a max offer of 50,000 applying the 2% rule on potential rent based on
the rental comps
My question to the group would be is my logic sound on the counter?
Would this deal look good for a wholesale or bird dog fee?
I currently would not have the resources or experience to take this deal
myself
Any input would be great