Hi everybody, I'm a new investor, have not invested yet, but I'm starting to look. I found a property that I am interested in and very curious about…. maybe it's a deal, maybe it's not. It looks very interesting. Anyway, here are a few photos that I took yesterday when I drove by. I am curious to what your impressions are of these initial photos.
The property is a foreclosure. I would like to go and see the inside either this week, or next week when my kids are back in school (and I can focus a little more!)
1. Ripped window screens
2. Is this an air conditioning box?
3. Gutter growth (maple trees? roof damage?)
There were two, count 'em, two realtor signs in the front yard. It appears this has been on the market for a while… it is listed for a low price for the area.
Other things I saw. The house next door has a ton of peeling paint. It is a bit of an eyesore. I am thinking of this as a rental. There is something appealing about the location -- I would describe it as maybe one of the less-great streets in an attractive zip code -- and just a couple blocks over the neighborhood looks lovely and well cared for.
The back yard is fenced with once wooden board missing, there is a playset in the backyard. There is a glass block shower window with one of the blocks cracked. (What makes one block get cracked?).
Anyway, I am extremely curious about it, although it is probably unlikely that I found a awesome deal that everyone else has passed over. But…. you don't' know until you know, right?
Let me know if you have any thoughts about these photos. Thank you!!! --Karen
Tagging @Dawn Anastasi -- not much info from a drive by but I'm still curious about the inside and getting the full story about this property.
Ripped screens are no big deal. You can buy the stuff to fix the screens and it's a simple DIY project.
1. Find out the property's value: http://findcompsnow.com
2. What is your "end game" buy and hold? or fix and flip?
3. Does the deal make financial sense for you to invest in.
This would be a buy and hold. I think the numbers do make sense, I will need to double-and triple-check that, but the first look at the numbers is solid.
Dawn, thanks! I'm going to set up an inside tour. :)
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