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Real Estate Deal Analysis & Advice
HomeForumsReal Estate Deal Analysis & AdviceHow can I make this deal the most PROFITABLE?
Justin Garcia's profile image
Justin Garcia's profile image
Justin Garcia
  • from Weatherford, TX
  • Member since Nov 13, 2012
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Justin Garcia's profile image
Justin Garcia's profile image
Justin Garcia
  • from Weatherford, TX
  • Member since Nov 13, 2012
Connect
Justin Garcia
  • Weatherford, TX
1
Votes |
14
Posts
Real Estate Deal Analysis & Advice

How can I make this deal the most PROFITABLE?

Justin Garcia
  • Weatherford, TX
Posted Nov 21 2013, 17:48

I Just got this 2/1 1300sqft single family home under contract, built in the 1940's with some updating and addition. Tax appraisal right at 74k, Comps with 300-400 less square footage coming in at 55k. There is a tenant currently in the home renting for $600 a month, which is very cheap for the area, average rents $750 and up. I have this property under contract for 48k, not the best spread by any means, but the question is, how can I make this deal the most profitable?

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