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Buying & Selling Real Estate

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133
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Patrick Rowe
Pro Member
  • Investor
  • Baton Rouge, LA
13
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133
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Analyzing a deal

Patrick Rowe
Pro Member
  • Investor
  • Baton Rouge, LA
Posted Feb 24 2013, 20:09

I have a opportunity to purchase a 3br/2ba single family home. The asking price is $67,000 But I offer $58,000. The arv is around $100,000 to $110,000. My banker will require a 10 percent down payment of purchase price and will lend 80 percent of arv value to purchase, rehab. After I inspected the property I've estimated the repairs to be around $8000 to $10000.

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