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Updated 24 days ago on . Most recent reply

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Blake Bailey
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What do I do?

Blake Bailey
Posted

Hey guys, I am hoping to be a first time investor here within the next couple weeks I have found a property in my hometown That is a Home that was built in 1936 and it used to be a duplex but now it is a single-family home but I believe if I purchased it, I would reconvert it into a duplex but anyways it is a 2100 square-foot property That has three bedrooms and two bathrooms right by the college in my town The seller says the only issue is that the wiring needs to be brought up to code and she is only asking 125,000 which to me and everyone I know seems to be an insane deal It also has new HVAC and a new roof just needing to see the inside but just wondered what I should do first in this situation to figure out if it is worth it or not just really panicking. Hoping no one else jumps on it before I can. any tips would be appreciated. Thank you.

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Nicholas L.
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Flipper/Rehabber
  • Pittsburgh
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Nicholas L.
#5 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Flipper/Rehabber
  • Pittsburgh
Replied

@Blake Bailey

but if it's on Facebook, then lots of people have seen it.

and how do you know it's worth 260K?  do you have 5+ solid comps supporting that number?

  • Nicholas L.
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