Analyzing a deal for a newbie
I'm brand new to RE and would like to see how a more experienced investor would go about analyzing a deal. The house is selling for $18,637 and Redfin values it at around $46,000. There is a video link of the house: https://www.youtube.com/watch?v=ihEjb1Hm9I4&featur...
The house isn't in the best part of town. What would you do in terms of renovation, what do you expect the costs and ARV to be, what would be your strategy in terms of funding and closing options? Would this be a good deal overall? Anything else that seems pertinent?
Thank you!