First Time Homebuyer Evaluating a SF house for BRRRR in HEB
Hey BP community,
I'm a first time homebuyer that wants to make my first home a rental down the road and I'm evaluating a property in Hurst that I have an opportunity to jump on pre-market.
Here are the details on the house:
1316 Redbud dr.
3bd/2bath
1910sqft,
10+ year old AC/Heat system
4 yr old roof
old water heater
The house needs new floors in all bedrooms and the kitchen needs updating.
Enclosed rear porch.
The comps in the immediate area, based on my rookie evaluation came out around 220k and they want 230k for the house as-is with a lease back option for a couple months to accommodate my upcoming wedding. To me, that price seems high for what the house is and given that there is still a lot of work that needs to be done on it. Am I way off base?
Any wisdom would be helpful and I'd love to make some connections for more learning!
Thanks everyone!
Chris Vanderberry
First Time Homebuyer in DFW