Updated over 6 years ago on . Most recent reply
First Post! So lets be gentle Good Deal?
So im new to this whole thing of real estate investing, but reading the past few months and gaining some insight into the market. I saw a property, town home 3br 1.5 ba in Suffolk, VA, keep in mind I live in Northern VA.
Want to know what you’re strategy would be for such a property:
Foreclosure
Sale price 30k
Needs cosmetic work, kitchen bathrooms, paint, carpets a little landscaping etc.
Property is valued between 85-105k
In my opinion (a very inexperienced one) sounds okay, thats if there isn’t any other major issues in the property.
What’s your opinion