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Updated over 10 years ago on . Most recent reply

Brian Corbett's profile image
Brian Corbett's profile image
Brian Corbett
  • Residential Real Estate Broker
  • from Greenville, NC
  • Member since Feb 9, 2015

User Stats

164
Posts
90
Votes
Brian Corbett's profile image
Brian Corbett's profile image
Brian Corbett
  • Residential Real Estate Broker
  • from Greenville, NC
  • Member since Feb 9, 2015
Brian Corbett
  • Residential Real Estate Broker
  • Greenville, NC
90
Votes |
164
Posts
Real Estate Deal Analysis & Advice

Long term rental analysis

Brian Corbett
  • Residential Real Estate Broker
  • Greenville, NC
Posted

Hi,

I have found a foreclosure property in my area that seems to be great opportunity but I want to confirm analysis with the calculators here on BP. The purchase price would be 25k with 20k in repairs for an ARV of 70k. I would be able to charge $700/month in rent and get this fairly easily. Am I missing something here? Should I make an offer before obtaining financing with private lenders? Thanks for the feedback.

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