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Updated almost 7 years ago on . Most recent reply
[Calc Review] Help me analyze this deal
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This is an older house in Little Rock, AR. I don't expect it to really appreciate unless I force appreciate it. I am looking to purchase my first property and I would like any input you could offer. I averaged in 10k for a new roof, paint and drywall repair on one wall, and possibly new floors. I think I may need to bump the repair up by 3-5k though. Let me know what you think.
Most Popular Reply

How many bedrooms? The rent seems a bit high for the area.
I probably would just do the roof and let the renters paint if they want to in that area. I don't know that it's a good business model to have the nicest house in a not great neighborhood.