Your thoughts on an Investment Opportunity
I’d like to hear some thought on the following potential real estate investment purchase.
1550 sq ft home
The inside of the home is a disaster as there have been 12 dogs running loose for years. It appears all the floors, most of the doors and some of drywall has major issues. To the point the listing agent believes a biohazard company will have to do a cleanup. Similar houses in the area list for $100 - $110 per sq ft if rehabbed. It’s going to have to be fully updated inside, including both baths and the kitchen. However the roof is 7 years old and the hvac is less than 8 years old.
This would be my first REI purchase. I appreciate any thoughts. Thank you.