Updated about 4 years ago on . Most recent reply
Help with this analysis
I want to purchase a rental investment property that's been vacant awhile but want to do so without a realtor. I dont know the steps though. owner is asking about $65-67k but it will need repairs throughout including all new flooring, some drywall repair, paint, door replacement. not sure about any of the heat/air or plumbing systems. Dont know how much all the repairs would cost but lets say if it's not more than $15k, would this make a good investment? I know the ARV would be $100-105k, and rent for $900-950. Please share any helpful tips