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Updated about 10 years ago on . Most recent reply

Account Closed
  • Investor
  • Paradise Valley, AZ
6
Votes |
48
Posts

Is this a good deal? Buda, TX

Account Closed
  • Investor
  • Paradise Valley, AZ
Posted

I'm looking at a deal that is in Buda, TX 3/2/2 1200 ft sq. Tenants in there until Oct @$1250/month. Cosmetic repairs. Comps range from $116K-179K. Looks like the ARV is around $145K. Tax record value is $129K. The seller is asking for $155K. Good deal or not?

Most Popular Reply

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345
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288
Votes
Jeff Wallace
  • Rental Property Investor
  • The Woodlands, TX
288
Votes |
345
Posts
Jeff Wallace
  • Rental Property Investor
  • The Woodlands, TX
Replied

it seems like you have answered your own question. If the ARV is $145,000, and the sales price is $155,000.... It is a good deal if your business model is based on buying properties at 107% of retail value.

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