Ok so I'm not getting in position to buy right now this is simply a learning experience for me. Could someone tell me if they thought this is a good deal. From what I know and zillow says (which I don't value their opinion all that much) this seems like an ok deal. The property is 715 Willard ave se
Warren Ohio 44484
It's a two bed one bath for 23500 most likely needs some work but over all looks good. Property taxes are about 100/month. Zillow says rent is about 695 for that area. Area is a C maybe D area. Any info in evaluating properties will help me learn and find maybe some things I'm missing. Thanks!
Biggest thing i would recommend you check are the property taxes. Make sure they are 100/ a month with no exemptions. If they currently have exemptions on the property then you can expect them to at least double depending on your area. I have a spreadsheet that we use to analyze our properties if you would like to run your deal through that let me know I can send it over to you. Best of luck.
@John Mathewson hey thanks for the reply. That would be great. Thats what I'm struggling with is pin pointing the exact expenses of the properties. I don't think the taxes will go up that much that seems like a fairly average number for the area but also how would I find out if there was exemptions, a real estate agent?
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Create Lasting Wealth Through Real Estate
Join the millions of people achieving financial freedom through the power of real estate investing