I am a newbie rooky trying to jump into the real state world. I am just starting analyzing deals. This one looks like a good one to me. However I am not sure about the rehab cost and the ARV. The unit only has one picture on the MLS. It says that it is being used as a duplex.
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did you have a contractor walk through the property?
I would suggest getting 2-3 contractors to walk through the property with you.
Thanks for the reply Nandy. I have not yet. I will work on that to get more accurate numbers. The numbers I used are based on a really similar property that I saw with a contractor last week on the same area.