Updated over 12 years ago on . Most recent reply
Short Sale - First Potential Property
So my plan is to buy an hold. This is a short sale property and the numbers are below:
List Price: $55k
Taxes: ~$350/month
Median Rent: $1400 (rentometer)
HOA fee: 190/month
From the pictures it looks like this property is in renting condition (freshly remodeled). It is listed as average + condition. I am a newbie and looking for my first deal, but using the 2% rule and 50% rule this seems like a really good buy.
I am currently in the process of finding an agent who can help me through the process. What are the main things I have to take into consideration opposed to buying from a private seller? I believe I am suffering from paralysis of analysis, any advice on this listing would be helpful!