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Real Estate Deal Analysis & Advice

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Michael Thorne
Pro Member
  • Arlington, TX
11
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54
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Would you do this deal?

Michael Thorne
Pro Member
  • Arlington, TX
Posted Jan 21 2023, 10:33

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*This link comes directly from our calculators, based on information input by the member who posted.

Please poke holes!!  trying to get in some reps on analysis.

Additional info: small town west of Waco.  Do not see much appreciation at all, limited ability to increase rents.  This would be top of market rent after rehab.  I am right to be OK with a breakeven on the 50% rule?  This will likely always be self managed, but accounted for 10% management fee.

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Tom Cyr
  • Flipper/Rehabber
  • Grand Prairie, TX
28
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43
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Tom Cyr
  • Flipper/Rehabber
  • Grand Prairie, TX
Replied Feb 22 2023, 13:23

Fix and flip or rental?  I would be careful in a small town.  The sale on the back end could take months or years.   Renting pool is very small and a long way from a large enough city to warrant communting.