Is there a price point that's an automatic yes?

2 Replies

I came across an ad on Craiglist for a mobile home selling for $10K. Pics of it look fine, which made me wonder why some investor hasn't snatched it up. Even at the smallest of rents, you'd be cash flowing almost immediately, as the home would be paid off basically as fast or as slow as you'd like. 

So...is there any price point where you'd say yes to a deal without even having to think twice about it?

Originally posted by @Cosmo Iannopollo :

I came across an ad on Craiglist for a mobile home selling for $10K. Pics of it look fine, which made me wonder why some investor hasn't snatched it up. Even at the smallest of rents, you'd be cash flowing almost immediately, as the home would be paid off basically as fast or as slow as you'd like. 

So...is there any price point where you'd say yes to a deal without even having to think twice about it?

 Price is not a determining factor.  A free property can lose you money.  You need to run the cash flow analysis and set a minimum metric (cap rate, cash on cash, irr, ec) that you will accept

Brie Schmidt, Real Estate Agent in Wisconsin (#57846-90) and Illinois (#471.018287)

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