Updated over 17 years ago on . Most recent reply
Please help analyze this prop!!!
We came across this property listed on MLS for 29k. It's 2 units 2/2 with 2288 sq ft of living area. Just the land itself was appraised for 67k.
I'm thinking it's going to take a complete rehab because the property is far beyond distressed. The mid comps for the area are about $150. Low being 88k and high being 218k.
I am unsure if it is bank owned or not - it doesn't specify, would that make a difference if I try to wholesale it? I am quite new to all of this so can someone PLEASE help me analyze if this is a deal or not.