Updated 4 months ago on . Most recent reply
Please help me to analyze this deal
I have found a single-family investment property listed for 195,000, remodelled built in 1989. negotiated price down to 175000 and a 2% seller concessions. This property has been in the market for almost one year. This house is a 1700 sqft. (living area), The remodelers closed the garage and converted it into an additional living space. My concern is if I buy this property even at a discount, would I be able to easily sell it in the future? Also, Im concerned about the tenants might not prefer houses without a garage. Thank you in advance for your valuable thoughts on this.