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Real Estate Deal Analysis & Advice

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Kenneth Cisneros
Pro Member
  • Inland Empire CA
16
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39
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Should I buy this deal

Kenneth Cisneros
Pro Member
  • Inland Empire CA
Posted Jan 26 2023, 13:38

Asking: $529,950

Estimated rehab: $75k

EMD $35k

COE: Feb 15, 2023

This is a duplex in Lynwood, Ca. Front house is 2/1

Back unit 2/1 sits on top of 2 car garage. R3 zoning.

Lot 7,000 sq ft

Last 26 days of similar comps $709k

This is Los Angeles. Rent questionable. The 70% rule says to max offer $497k

I was still thinking of offering, & possibly using Springboard lending. Any suggestions??

Should I pursue this property??

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