There are 2 2-bedroom 2 bathroom homes side by side one going for 65000 with 965 sq ft and the price per square ft in the area is about $106, and the other one going for 67900 with 675 square ft. I think I have to buy both homes for 132900 in order to even buy them. What other things do I need to consider before determining if this is a deal?
Do you want to rehab, flip or rent the homes?
From a financing standpoint, you will either need to consider consecutive closes (two transactions) or a blanket loan (one transaction)...
If you go with the latter, expect some difficulties (blanket loans are traditionally offered by commercial lenders that don't, for the most part, lend on residential properties).