Trash or cash? deal analysis help

[Shawn William]

Hey community ,

I have a deal in the works and I'm new but with all the reading i've done in this site i wanted to try my hand and apply the knowledge with no coaching, and as little money into the deal. The deal is as follows:

Single family home :2 bed ,1 bath full size back yard with a detached garage, basement and shed. Home has new roof, floors, water heater, painted overall well kept and owned by a handyman who wants to relocate to be with family.

Asking :97,500$

Open to any financing options,

located in good neighborhood, in Montana and local homes in the neighborhood is going for 140-160k

How should i go aboyt this i feel its strong but i really would love your opinions,thanks

[Shawn Ackerman]

@Shawn William No worries, we all get busy man!!  Ok. So she needs a minimum of $650 per month. I imagine the taxes and insurance are wrapped into her note?  Leaves no room for error at $800 per month rent. You have $350 or $250 per month at $1,000 or $900. $5k down non-refundable plus first/last + your $2k.  $9k due from tenant buyer.......Is that a stretch for your market?  I’d get working on marketting this one as soon as possible. I’d market at $12k down to give some wiggle room. Numbers are super tight man. Don’t want you spinning your wheels man but this is a great exercise for ya.