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Updated over 3 years ago on . Most recent reply

User Stats

13
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3
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Imani Moore
  • Real Estate Agent
  • Atlanta, GA
3
Votes |
13
Posts

Investor Specials/First Deal Analysis - Any Feedback Welcome

Imani Moore
  • Real Estate Agent
  • Atlanta, GA
Posted

Hey Bigger Pockets Family! 

I'm unsure if I'm posting this in the right forum but I figure you guys will let me know. I'm a Realtor based in Georgia. I service the Metro Atlanta area & 'm looking to work with more investors on their real estate goals. If there are any investors willing to let me sit in (& help where needed) on their flip, rentals, BRRRR properties, I'd love to provide quality deals in exchange.

There is a on market deal that I have walked & attempted to analyze (first time) for anyone who may be interested in this deal. Please note, it has been on the market for almost 2 months now & of course they are looking for an all-cash offer. It is indeed an "investor's special". I have pics available. 


Property Specs

Location: Fairburn, GA (just outside the city, 15 min from airport)

Asking Price: $250,000

4 bed/ 2.5 bath (2 story home)

2,832 sq ft/ 0.59 sq ft lot

1 car detached garage (possible value add)

Built in 1974

Estimated Repairs: $80,000-$100,000

ARV: $325,000-$350,000 


70% rule would suggest a purchase price closer to $150,000 which I agree. Open to any feedback on this deal. Currently working on 2 more deals (FSBO) that some may be interested in.

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