Whoa partner! Why out of town? Why zillow? worst online property evaluation! Is realtor an investor themselves and has a track record? Do you have skin in the game funds? Who is going to do repairs? So many questions? 65% of ARV - REPAIRS= MAO - !5K starting offer. Does any of this ring a bell?

Hi Jabroui G., You need to talk to a local agent on this. Comps need to be close (.5 mile preferably) and must have been sold ( 30 to 90 days if possible). You must go by sold prices, not listed prices. I could only find one such house nearby on same street, but it sold about 6 months ago. The sold price was $75,000. 7901 SPRINGPOND RD, COLUMBIA, SC 29223 Thats the address for you to check. Seems like a slow sales area. Good luck with your business. Calvin Cole Houston

That house is under contract. I offered 50 for it for a client and was outbid. 8021 Springpond is for sale on Hubzu. It's an interesting house also. PM me if you need information.

No this is not a good deal ... for YOU. Based on the questions you're asking and the distance, this has red flags all over it. Throw in the fact that it seems that you've never been to the property, and I'm not sure how you'd even consider it. For your first rehab you need to stick to an area you know or a trusted associate knows

you need to walk the property. or, you need to have someone you really trust walk the property for you. you will need to know: what needs to be fixed/updated to bring it up to ARV? How do you know what ARV is for the area (hint: ask the Realtor)? what percentage of list price are properties selling for? how long are they on the market? do you know any general contractors in the area that you trust? are you going to be doing any of the work yourself? is there someone local who can check on the property for you? there are a million other questions...

Updated over 8 years ago on 05/08/2017. Most recent reply

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Jabroui GarrettPoster

Washington, DC

Buying & Selling Real Estate

Can anyone help me!!

Jabroui GarrettPoster

Washington, DC

Posted April 24, 2017 11:14

So this is going to be my 1st purchase. I'm trying to decide if I'm going to rent it or flip it. Plus I can't tell if this is a good deal or not. But the house is going for $65,000.00 has 3 beds 2 baths with 1,950 sqft. I found the house on Zillow the address is 8022 Springpond Rd. Columbia, Sc. The house definitely need work done. I've looked at comps in the area and I think I can get 120,000.00 with a little rehab. I contacted a realtor threw Zillow but I didn't know the right questions to ask to know if this is a good deal or not. So I'm asking the bigger pocket community what are questions I need to ask the realtor to know if I'm wasting my time and need to move on. And can someone look at the property on Zillow and tell me what they think?

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Can anyone help me!!

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