Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

6
Posts
3
Votes
Hunter Thompson
  • South Portland, ME
3
Votes |
6
Posts

New, looking for advice on analyzing.

Hunter Thompson
  • South Portland, ME
Posted

I found a property in the Portland Me area that is about $200,000. This is about $70,000 under other houses in the area. The house already has two people renting for about $1920 a month, but the owner has some weird setup. He pays 1/2 the heat and water and sewage for the upstairs tenet, and heat sewer and water for the downstairs tenet. No electricity included for either. What makes me worried is the roof is about 20 years old and there is a a noted crack in the foundation. I'm assuming on average a cracked foundation might cost me about $6,000 and a new roof at some point about $5-6,000. This all said, the return still seems decent. I am very concerned though with a cracked foundation. Can anyone here with previous experience lend me some advice?  It seems like tainted fruit. :)

Loading replies...