Updated about 8 years ago on . Most recent reply
Help me analyze my first deal!!
Hey everyone! I am just starting to get my feet wet into this real estate investment world and I am looking for some advice on my very first property that I am trying to analyze and potentially buy. The listed price for this 4-plex is $245,830. I am really not too sure that I calculated closing costs or repair costs accurately. I have seen the property and there does not seem to be any large repairs at first site. I plan to hire an inspector to confirm this. Does anyone have any advice as far as what would be a good offer to make or any adjustments I should make on the report? I don't want to lowball the seller but I really have no idea what kind of price I am looking at to offer. I completed the analysis with a $30k decrease in price at $215K. I would really love anyones input! Thanks so much in advance!!
-Laure