First Real Estate Purchase — would love experienced insight.

[Emily Grassi]

There is an outdated triplex in a mid range area in my city. The top door is 3 bed, 2 bath renting for $1000. The bottom two doors are 2 bed, 1 bath renting for $700 a door. Outdated 2 bed, 1-2 bath homes are selling for about $90-100k around it. What would you offer for this triplex? 

[Ken M.]

Quote from @Emily Grassi:

There is an outdated triplex in a mid range area in my city. The top door is 3 bed, 2 bath renting for $1000. The bottom two doors are 2 bed, 1 bath renting for $700 a door. Outdated 2 bed, 1-2 bath homes are selling for about $90-100k around it. What would you offer for this triplex? 

Go to Redfin.com put in the zip code and see what houses have actually sold for in the last few months. Then add up how much to fix the house into that shape. Subtract the fix up costs from the sold prices and that's about where you price it.