Updated over 10 years ago on . Most recent reply
Help with "The Numbers"
I found a foreclosed home in the neighborhood across the street from my home. On the surface it looks like a good one to buy for a rental. I am in the process of reading the information here on how to calculate if its a good deal or not. I was wondering if anyone had some advice or additional info on evaluating properties. Thanks for your help!
Most Popular Reply
You haven’t given us any “numbers” to analyze.
What kind of home are you looking to buy? Type of construction? Number of Bedrooms? Number of Bathrooms? Garage capacity? What is desirable about this particular neighborhood? Amenities? Etc.
How much will it cost to acquire the home (purchase price plus rent-ready rehab)?
What is the monthly rental for similar homes in the same neighborhood?