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All Forum Posts by: Abbey Giwa

Abbey Giwa has started 1 posts and replied 2 times.

General Landlording & Rental Properties

Post: Does this deal makes sense? HELP NEWBIE

Abbey GiwaPosted
  • Posts 2
  • Votes 0

I really appreciate everyone's input from different perspectives, All are very informative and educational (Still learning). my first time in this forum and I'm very glad I did. Thanks for taking the time to respond. Very grateful!

0 Votes
General Landlording & Rental Properties

Post: Does this deal makes sense? HELP NEWBIE

Abbey GiwaPosted
  • Posts 2
  • Votes 0

I identified a property to purchase for rental investment, the owner is a Savvy investor in his own right and running a hard bargain. I really want this property because of its potential and my familiarity of the area. He is asking 200k AS-IS, rehab cost estimate $50K, comps $260K, rental income average $2000/month, TH. I've crunch the numbers trying to deploy BRRR strategy using private money. (6%, 2pts, 65/35 bridge loan, 12 months) it's not adding up. am i missing something. I'm a newbie. please feel free to chime him. I appreciate your comments.

0 Votes