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
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 4 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Todd Weber
1
Votes |
9
Posts

Noob needs advice on apparent good opportunity

Todd Weber
Posted

My wife and I are brand new to RE investing and have yet to make our first deal. I've been reading books and blogs, watching videos, and listening to podcasts like crazy for two months now, but still in infancy. We just found what we think is a very good opportunity for either a flip or BRRRR, but we still don't have our financing in place. I'm thinking there must be a way for us to move on this, but I don't know what to do. I'm frustrated with lack of knowledge but don't want to rush into a costly mistake. I'm sure this would be an easy thing for those who know what they're doing, so I'm asking for suggestions on how we might (or not) go after this deal.

The house is a 3/2 on a 1/2 acre corner lot in a great location in a hot market. It's definitely a fixer listed at $449k (just reduced $26k) and all the homes around it are $588k-$768k. My rough estimate of rehab costs is around $50-60k, based only on the listing photos.

Loading replies...