South Florida potential deal

[Scott Goulet]

Hello everyone, 

I just offered on my first deal. Here are the details: tell me what you think. 

3 bed

2.5 bath 

1500 Sq ft. 

Hoa $275/MO 

Tennant occupied for $1500/MO

Asking price 150K 

Offered 130K 

Pompano beach florida

Mortgage will be under $1K/MO 

[AJ Ard]

Hi Scott

I am a private lender in the pompano beach area. Your numbers seem reasonable but a key issue would be your location. I don't remember the person who originally stated you should look at 100 deals before you make your first offer but that advice is still golden. If you have done that due diligence you will have your own answer. Also a lot depends on your abilities and goals before you can get a useful answer. Good luck to you.