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Niara Ijezie
  • Real Estate Agent
  • Boston, MA
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Perfect property location and price but no financing options

Niara Ijezie
  • Real Estate Agent
  • Boston, MA
Posted Nov 7 2017, 09:34

Hi Bigger pockets community,

I am new to the bigger pockets and real estate investing in general. I am trying to learn as much as I can to feel comfortable with purchasing my first property. 

However, last night I found this property listed on realtor.com. The property is not to appealing but it has a lot of potential especially since it is in an up and coming area of Boston, MA and is about an 10-15min drive from the Metropolitan area here. 

Some details about the property: It is listed at 250,000 and is a Single-family home with 6bd, 1 bath and 2,316 sq/ft. The home is currently boarded up and the seller is looking for a short sale. Also, area median listing price is ranges from 379-599,000. 

With being a newbie in this business I am unsure how to calculate if this is a deal, how much renovation expenses would be, cash flow, and financing options. 

Let me know what you all think, thanks!! 

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