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22
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25
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Jason Woodson
  • Investor
  • Keene, NH
25
Votes |
22
Posts

Looking for feedback on next deal

Jason Woodson
  • Investor
  • Keene, NH
Posted
Hey BP fam! I'm in Keene New Hampshire and finishing up a BRRR investment that has gone really well. I'm currently looking at a deal and thinking about putting about 60% of my currently available capital up for it and wanted to get some feedback. Hoping I can get the price down a bit but it's been on the market for over a year and fell out of contract twice, FSBO, and the listed price has only dropped 5k. Im focusing only on buy and hold at this time so the ARV isn't super important to me (in fact I'm ok keeping it down since the tax rate is ridiculous!). 2 story duplex, 2/1 on first floor, same on second 125,000 price 15,000 rehab needed (nothing immediate, but within 2-3 years, deck/exterior stairs, roof, junk garage, couple small floors, chimney/vent) 165,000 ARV 1800 total rents (900/900) 1200 all expenses (mortgage, insurance, taxes, vacancy, water/sewer) Pros: Turnkey. Centrally located, walk to downtown, two local colleges. Good floor plans. Basement laid out very well for all the split utility systems, easy to access and work on (a first for me!). Ample parking. Next to main bike path in town. Easily add third bedroom on second floor unit, 1500 cost, add ~150/month in rental income. Cons: No laundry in units. House to one side not falling apart but is a hot mess. Thanks all!!

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