Honestly don't know much about the area that is why I would like some feedback.

Although I can't offer you feedback yet, I would love to hear hoe this pans out for you.  

Thanks for the feedback everyone.

Currently under contract on first deal. Looks like it should all work out swimmingly to me. What do you guys think?2 bedroom, 1 bath, townhouse in Reading, Pa.Buying for 13,000.Paying $6500 cash and owner financing re...

Hello all,I think what I have is a great investment opportunity and I would like to hear some feedback from you guys if possible.ARV= 125kRepairs= <45kList price at 57,000 all cash OBO. 

Now I'm ready to take my leap to see if i can gather all the information and excel in this business.

I gather from your comments that you intend to hold this property, so that "appreciation"(used loosely) won't be realized in a sale price and a 70% refinance (assuming your ARV is close to accurate) won't even get your whole down payment back out of the deal, let alone repair costs.Final thought: If you have to include tax savings and loan pay-down, and exclude PM expenses and reserves to make the numbers look better, it's too thin. 

Thanks for the feedback - gave me some terms to add to my "figure out what _____ is" list!

I gather, depending on the type of property management company, and the details of the contract with the owner the manager may have a case.

Thanks everyone for the feed back feel much better about it .