My First Deal Analysis
Dear Bigger Pockets,
I believe I have found a deal. But, I don't know, what I don't know, which is why I am here asking this great community for advice. The property is a single family home 3 beds, 1 bath, ~1000 SF listed at the price of $79,000 USD, it's been on the market for at least 4 months. It's in poor condition, could use a new porch, new kitchen floors, roof and AC are older but no issues found pre-inspection.
The reason I call it a deal is that the property has had the same tenant there for 15 years paying $800 USD. I have met with the tenant, he wants to continue to stay there.
I am here seeking advice and I don't know what questions to ask but I know someone here has some helpful tips to drop my way. Plus, I think polling the audience would give a gauge on how good or bad of a deal it is? I am I getting a false sense of secured because the deal already has a tenant?
Also, I could use a rental agreement if anyone has a good one.
https://www.zillow.com/homes/for_sale/2025-Selden-...
Very Warmly,
Tyler