Updated over 8 years ago on . Most recent reply
How to value a house
Currently learning real estate investing , gearing up to buy my first property early next year with a 203k loan.
My question is how to value a property to make an offer ?
The property I'm looking at is listed at 99,000. It's a 4 plex 1 Br 1 bath. It's in a section 8 area. FMR is 570. I drove by today and the place will need a new stairs and new roof. And maybe some other minor improvements.
Rent is currently 365, there are also other properties same style just a lot nicer available and listed for the same price maybe a little higher.
Im trying to figure out an amount to offer that's reasonable for both.