GO or NO GO
Looking at a house in the 19119 area.
This one is a three bedroom (really two bedrooms and an office) one and a half bath with a small yard.
I'm thinking of offering 140,000 with a zero down loan and tying all purchase costs into the loan, bringing the mortgage to 155,000, with a monthly payment of $830 which includes taxes and insurance.
It needs some roof work, Im going to refinish the cabinets, and change the closets around. All told probably under $10,000 in renovations.
Rents are in the $1250's....
Does this make sense? I feel like its a winner. Am I wrong?
Any Advice is hugely helpful for this NEWBIE!!