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
Phoenix Real Estate Forum
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 over 3 years ago on . Most recent reply

User Stats

11
Posts
12
Votes
Jose Lopez
  • Pheonix, AZ
12
Votes |
11
Posts

Is this property a good deal?

Jose Lopez
  • Pheonix, AZ
Posted

I found this multifamily property in Phoenix Arizona that has 4 bedrooms and 4 bathrooms across 2 units, I ran the numbers on this deal while watching a Biggerpockets Webinar about how to start building wealth through real estate by David Greene, but I am still a little bit unsure about the numbers, and still don't know much about real estate, so, is this a good deal or a bad deal?

Most Popular Reply

User Stats

9
Posts
5
Votes
Trever C Trader
  • Rental Property Investor
  • Mesa Arizona
5
Votes |
9
Posts
Trever C Trader
  • Rental Property Investor
  • Mesa Arizona
Replied

A calculation is only as good as the data that is entered. That said, if your numbers are accurate, I would consider purchasing this property. Especially if it is in an area with Airbnb demand. If you are new to real estate then I would house hack the property.  You could purchase that property for as little as $20k out of pocket. 

My only issue with this is your ARV. How did you arrive at $425,000? If this property can have $75k added value from $5k repairs then I would absolutely consider buying this duplex.

  • Trever C Trader
  • Loading replies...