Too add, it's a block away from NJ transit into the City and next year a ferry service opens up in town.

Being young is not nessesary being smart: people get blocked from getting a checking accounts for some fraud (writing bad checks etc).

Great memory @John Woodrich, yeah it was a Turnkey up/down a few blocks from downtown area can't remember who bought it.Small world!

This property is three blocks from WVU Tech’s new campus, and the school is growing like crazy.

My 1.5 acre property is on a block that everyone knows will be developed sooner or later and today I got a call from a developer saying they want to buy my property for cash and asked how much do i want for it.

Okay enough prologue, here's the deal:3003 Finley St, Fort Worth, TX, 76111 (United Riverside)4 bed, 2 bath, 1570sf, built 1951Asking $84,900Estimating $25,000 in repairs (roof is 2 years old) needs: vinyl floors, new countertops, appliances, HVAC, possibly re-wiring, trim/doors, and paint.Estimated ARV: $150,000 (I base this on 3 bed 2 bath comps ~1350sf only a few blocks away selling for $159k to $185k, roughly $100/sf to me seemed like a conservative estimate)Estimated rent $1400/month (I based this on Fair Market Rent chart for 76111 from section 8 housing which lists 3 bed at $1350 and 4 bed at $1720, plus several 3 bed 2 bath rentals currently available a few blocks away at $1350/month)Running BRRR numbers with $80k cash purchase, $25k rehab, refinance at $105k, %10 capex/repairs, 10% vacancy, 10% management fees led to a monthly net cash flow of about $200.Is there something I am missing about this deal that I need to account for?

New Orleans has a very unique real estate market where neighborhoods can and do change drastically from block to block.

Is he blocking any other requests?

I had been thinking for the last year plus that this house was the one on my block that met the perfect "driving for dollars" criteria- yard never kept up, weeds growing from gutters, chipping paint, etc.  

I’m a little puzzled because the store has a ten year lease with the current owners, and it pays monthly rent that is about $300 lower than what other similar stores on the block pay.