I need to make a decision today on this deal. Please advise.
I have a house that I put in a cash offer in on for 60k. It's a short sale and they countered at 65k. The house is in a solid B area. It needs a little bit of work no more than 10 K to get it looking great. The houses in the neighborhood are going in 100,000 to 120 range. I'm looking this as a buy-and-hold and I figure I can get at least 850 a month for rent. I'll refinance and cash out. I will most positive this is a good deal I just would like someone to make me feel better about it LOL. Thanks guys!