Updated over 6 years ago on . Most recent reply
Can you guys help me analyze this deal?
Hello BP members! Very new to real estate investing and just wondering if I could get some help on analyzing this deal! I found this through a local wholesaler and figured it would help to start and see how some of the numbers are running in my area and what makes sense. He wants to wholesale this for $28k and if the numbers work out I would possibly like to send this to my list of buyers for $30k. If it seems like too far of a stretch I will also try to see if I could get possibly a $1,000 reduction from the $28k too. Thank you! This property is located in Calumet Park near Chicago. Please let me know if you need any other information or if my numbers seem off or something. Definitely still very new!
*This link comes directly from our calculators, based on information input by the member who posted.
Most Popular Reply
Thien
Based on the number looks like a decent opportunity around a 10% cap. Vacancy looks a bit low, i typically do 1 month or 8%. Also may want to leave a bit more of a buffer for both the initial repairs and the on going maintenance.
Goodluck with the project.
Jay