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Updated about 6 hours ago on .

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9
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Hannah DiPasquale
  • Homeowner
  • Richmond, Central Virginia
0
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9
Posts

7 Deals in 7 Days Challenge - Practice Deal #7

Hannah DiPasquale
  • Homeowner
  • Richmond, Central Virginia
Posted

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**Practice deal I ran as part of BP's 7 Deals Challenge.** 

Last one! 7/7 This property popped up in a heavily suburban area near me that would rent well. I ran numbers on it when it was "coming soon" with little info shared on the MLS. I returned and updated my analysis after the listing populated with pictures. Contrary to my first analysis, I find that it's a turnkey property with the big ticket items and finishing touches already completed. My buybox is centered around properties with unfinished spaces that I can put some sweat equity into (I like DIY). So right away I realize this isn't the property for me. The final catch is that, even though I would self-manage the property, I want to make sure there's room in the cashflow to permit a property manager, and this one doesn't allow for that

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

  • Hannah DiPasquale