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Real Estate Deal Analysis & Advice

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Angela Smith
  • Investor
  • Denison, TX
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3 Properties in one Deal, awesome Price!

Angela Smith
  • Investor
  • Denison, TX
Posted Nov 12 2015, 14:44

i need to brag on my hubby (he doesn't have an account here yet, working on that).

He closed a deal on 3 properties. The listing was for $70,000 and the appraisal value currently is for $120,000. He got it for $66,000. Its two houses and a commercial building. One of the houses already has a renter in it. The other is vacant but appears to only need about $10-$15,000 put in to update it to our high standards to rent it. We do not need a commercial building so we are in the works to have it remodeled as a residence, and that will probably cost a penny or two. 

I'm hoping to get Ashton on here soon so he can offer more information, but your stuck with me for now! 

I'll let you know what we get the final appraisal for and how much the repairs cost on the rental and the commercial-turned-residential property.