Updated almost 7 years ago on . Most recent reply
Review and feedback on a deal in Sweden
Hello Biggerpockets family,
I am newbie to biggerpockets and RE investing, no previous experience in buying.
I found a deal that I would like some advice on. This deal on paper looks too good and when I called the broker he said that the landlord needs the money to start a bee farm. The location for this deal is situated in a smalltown with around 1000 inhabitants and the population has been decreasing steadily. Around 6hours drive from where I live. The challenge here would probably be finding new renters if the existing one leaves.
It is 3 buildings, 1000m2, 16 apartments.
Asking price: 250 000$
Rents: 100 000$/year
Costs: 44 600$/year includes everything like, heating, water, electricity, cleaning, sewer, taxes, insurance, tv.
Let me know what you think and if you have questions. Thanks, Christoffer!