Updated over 3 years ago on . Most recent reply
Deal analysis, I need your help
Hello All, I landed a single-family deal in Upton ma. The property is in great shape one of the best in town, no repair is needed, renovated in 2018. Valued at around 900K, trying to get it for 700K-750K by assuming an existing loan in the amount of 560K fixed at 4.25%. It is a pre-forclosure, so can be avoided. I am planning to move into the property and live there for several years myself, proceeding with the necessary steps after. Do you think I am getting a good deal? Is my thinking process right? What would you do differently?
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33% population increase since 2000, 33% increase in median household value since 2019. Crime is like 3 times lower than the national average. I think this is a great deal following Tim Ryan's comment above.