All Forum Posts by: Adam M.

Yeah would need to visit the property (have driven by). I am really familiar w/ the area. Lived there in college within the last year. I didn't want to come in too low and basically be insulting. But I wouldn't put it at more than $100k as max offer. Would need to put together a formal list of comps.

Looking at a property that could make a great BRRRR opportunity but it looks to be significantly overpriced (20-30%). List price is $125k for 3 bed 1 bath 1008 sqft. so $124/sqft. Wood floors but looks like it needs new kitchen, windows, bath, and some exterior work. It is a good rental neighborhood just south of campus. To me it looks like recent comps would put the property at most $80-90/sqft. Any suggestions?

http://www.zillow.com/homedetails/1424-W-22nd-St-Lawrence-KS-66046/2098066910_zpid/