New to real estate investing

5 Replies

Hi Sam, just stepping through this with you a little bit. In 75013, the average list price per square foot is $155. At 4,000 square feet thats $620,000. which means you're looking for at least a 20% discount. So if you buy it at $124 sqf. and you're rehab costs you $20 per square foot then you'd be at $580,000, plus extra fees (commissions, closing costs, mortgage, etc. etc.)

I'm not flipper in that market and it also depends greatly on the property so I can't say for sure where you should be aiming, but if you're simply looking for inventory at a great price, find a reputable wholesaler in that area and see if they have any deals. 

Good luck!

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